We revisit the estimation of the welfare costs of inflation originating from lack of liquidity satiation for 11 low-inflation … and 5 high-inflation countries, and for Weimar Republic's hyperinflation. Our evidence suggests that, contrary to the … GDP. The welfare costs of inflation in the Euro area are about twice as large as in the U.S., thus suggesting that …

This paper provides some empirical estimates on how tightly is it feasible to control inflation in a very small open … inflation and output variability that are achievable under a range of alternative monetary policy rules. These frontiers … illustrate that inflation stabilization is more challenging in Iceland than in other industrial countries primarily because of …

Spanish inflation. The domestic price gap turns out to be the major explanatory variable for inflation, even after the …

any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal …

inflation. We discuss dollarization, administrative interventions, and other features complicating monetary policy transmission …

The Maastricht inflation criterion, designed in the early 1990s to bring ""high-inflation"" EU countries in line with … ""low-inflation"" countries prior to the introduction of the euro, poses challenges for both new EU member countries and the … European Central Bank. While the criterion has positively influenced the public stance toward low inflation, it has biased the …

This paper provides an overview of statistical measurement issues relating to alternative measures of core inflation …