bankers to explain their monetary policy decisions in detail and for them to publish inflation forecasts. This leads to the … question of how central bank transparency is entangled with price stability and inflation volatility. A plethora of studies … transparency leads to lower inflation, others concluded that openness of central banks results in higher prices. Conversely, there …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … support for a relationship between monetary financing and inflation. The findings lend support to recent calls for explicit …

We develop a theoretical model that features a business cycle-dependent relation between output, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the co-efficient in the Phillips curve on the …

for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …

whereas the other type of agents cannot. If the sales tax is perfectly substituted by the inflation tax, then there is no way …

solutions, all have failed as these attempts implicitly assume perfectly-correct inflation statistics. Examining these … assumptions, we discover that not only are the inflation numbers materially flawed, but more so, there are significant incentives … for government entities to under-report inflation. With this, we find that to explain the Equity Premium Puzzle, inflation …

In a recent paper, Atkeson and Kehoe (2004) demonstrated the lack of a robust empirical relationship between inflation … relationship by allowing for inflation and growth to have a nonlinear specification dependent on inflation levels. In particular …, we allow for the possibility that high inflation is negatively correlated with growth, while a positive relationship …

coincide with the Great Inflation of the 1970s, is that it exhibits the price puzzle, in that the inflation rate rises …

This paper evaluates the link between central bank independence and inflation for the case of Colombia. It develops a … theoretical framework concerning central bank independence and inflation. It concludes that central bank independence is an … important feature for reducing inflation and partially solvind the problem of time inconsistency, assuming the existence of a …