economies succeeded in controlling inflation. This paper proposes a new interpretation of this apparent puzzle based on the …

current account and the reduction of inflation, the main cause in both cases being usually a fiscal deficit. It is shown how … is suggested. Reducing inflation involves both an inflation tax replacement and a price adjustment problem, and quot …

When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market … appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation … statistically insignificant, if the pre-stabilization inflation rate is less than 40 percent. Stock market responses also help …

presented herein provide the first empirical evidence that macroprudential transparency can aid to achieve stable inflation in … record a particular advantage of macroprudential transparency for non-inflation targeting countries. Overall, the results are …

With close to 30 emerging market and developing economies (EMDEs) using inflation targeting to determine monetary … economic activity reaches its full potential and inflation will stabilize. The deviation of policy rates from this neutral rate …

High and persistent inflation has been one of the distinguishing macroeconomic characteristics of many developing … countries since the end of World War II. Countries afflicted by chronic inflation, however, have not taken their fate lightly … to inflation stabilization policies and balance of payment crises in developing countries …

When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market … appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation … statistically insignificant, if the pre-stabilization inflation rate is less than 40 percent. Stock market responses also help …