This paper studies the Great Inflation in Canada, Australia, and New Zealand. Newspaper coverage and policymakers …' statements are used to analyze the views on the inflation process that led to the 1970s macroeconomic policies, and the different … to use the monetary policy neglect hypothesis, which claims that the Great Inflation occurred because policymakers …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

current inflation rates and adaptive expectations concerning the inflation climate in which the economy operates. The model … Taylor-rule-type interest rate law of motion. Through instrumental variables GMM system estimation with aggregate time series … correction terms, and indirectly of income distribution, in the dynamics of wage and price inflation in the U.S. and the euro …

imported goods as intermediate production goods. Our estimation results indicate that Hungarian inflation is significantly more … presents the first structural Phillips curve estimations for a New EU Member State economy. We find that Hungarian inflation … inertial than Euro area inflation. Hungarian inflation inertia appears to be the result of pervasive backward looking price …