longer inflationary processes with inflation rates above 100 percent per annum. Based on a sample of 133 countries, and using … the 100 percent threshold as the basis for a definition of very high inflation episodes, this paper examines the main … characteristics of such inflations. Among other things, we find that (i) close to 20 percent of countries have experienced inflation …

This paper presents the results of an empirical analysis into monetary policy transmission mechanisms and inflation in … the Slovak Republic. The estimated vector autoregression (VAR) model suggests that inflation is determined by changes in …, open economies. Monetary policy is shown to affect inflation via these channels. Changes in money supply seem to have a …

This paper develops a theory of inflation inertia based on forward looking staggered price setting in the nontradable … inflation rate take time even if they are fully credible, and they are associated with significant output losses in nontradables …

This paper provides general equilibrium estimates of the steady-state welfare gains of lowering inflation from a low … tax, it is found that inflation unambiguously reduces capital intensity, drives up the before-tax real rate of return to …

population, per capita income, agriculture, primary exports, and inflation are studied by statistical methods. Then, the … same way. The main conclusion is that, in the period under review, high inflation and an abundance of natural resources …

inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries …, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems … created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation …

This paper investigates the exchange rate responses to inflation in Bangladesh during the period from 1972-73 to 1999 …. Both annual and monthly data are used in the investigation. The results suggest that past consumer price inflation … effective exchange rate. The effect of inflation on devaluation, however, became weaker following the financial reforms …

This paper estimates an inflation function and forecasts one-year ahead inflation for Japan. It finds that (i) markup … (EqCM) of inflation; (ii) with intercept corrections, one-year ahead inflation forecast performance of the EqCM is good; and … obtained would serve for structural model-based inflation forecasting. It also highlights the importance of adjustment to a …

inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies … changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 … inflation, and enhancements to central bank independence could help shield these central banks from pressures …

Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese … value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price …