This paper focuses on the output costs of disinflation. A model of inflation with both forward and backward elements … seems to characterize reality. Such an inflation model is estimated using data for industrial countries, and the output … is considered. An alternative, more credible policy may be to announce an exchange rate peg to a low inflation currency …

inflation induces an upward capital stock adjustment. In economies that move in and out of temporary stabilizations, the … observed effect is a negative inflation-investment correlation that replicates previous empirical findings, due to purely short …

between the nominal interest rate and inflation in the postwar period in the five major industrial countries, utilizing … rate and the inflation rate as between the two groups of countries are reflected in the time series properties of the … inflation rates, which are, in turn, partly attributable to the different extent to which monetary authorities accommodated …

general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …

Since the mid-1970s the annual inflation rate in Africa has averaged more than 15 percent, with many countries … experiencing rates of 20 percent or more. Inflation rates of this magnitude have significant adverse effects on the financial … strongly to monetary expansion as a major cause of inflation in African countries generally. Exchange rate depreciation is also …

This paper analyzes the erosion of fiscal revenue by inflation resulting from the issuance of money. The empirical … evidence for a number of developing countries supports the well-known hypothesis that an increase in inflation will result in a … generate resources to finance government expenditures via the inflation tax will involve a loss in other revenues, making this …

appreciation of the nominal exchange rate, this real appreciation will occur through inflation rates that are higher than in … industrial countries. Provided that the current prudent economic policies are continued, such higher inflation will not threaten …