Low rates of inflation have been recorded in recent years, despite a decline in the unemployment rate. This phenomenon … explain the recent behavior of inflation. A leading explanation for recent inflation performance appears to be favorable price …

countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be …

In recent years, many countries have successfully reduced their inflation rates to relatively low levels of 2 to 3 … percent. The question then arises as to whether it would be desirable to move to even lower rates of inflation. The paper … examines the benefits and costs of moving from low inflation to even lower inflation by drawing together recent work on this …

by export market growth; that inflation has been associated with weaker output only above a threshold inflation rate …

equilibrium with no inflation and no default exists. However, highly-indebted countries are more likely to default once they join …

This paper examines the implications of inflation persistence for the inverted Fisher hypothesis that nominal interest … rates do not adjust to inflation because of a high degree of substitutability between money and bonds. It is emphasized that … the substitutability between nominal assets and capital renders the hypothesis inconsistent with the data when inflation …

Israel’s post-stabilization experience of moderate inflation and eventual disinflation is compared with experiences in … on several criteria which explains why taming inflation in the post-stabilization period has been difficult. The paper … concludes with a consideration of institutional arrangements that could sustain the current low inflation levels …

The paper analyzes the dynamics of inflation in Madagascar in the period 1971-2000, applying cointegration analysis and … relationship, as well as a purchasing power relationship in the long run. The former enters the short-run dynamics of inflation and … has a direct negative impact on inflation and that inflation inertia is important. In addition, we conduct FIML estimation …

There is now a substantial theoretical literature arguing that inflation impedes financial deepening. Furthermore, it … has been hypothesized that the relationship is a nonlinear one, in that there is a threshold level of inflation below … which inflation has a positive effect on financial depth, but above which the effect turns negative. Using a large cross …