The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …

The paper analyzes the effects of financial liberalization on inflation. We develop a monetary and endogenous growth … Greece, Italy, Spain and Portugal, that typically had high reserve requirements, the model indicates a positive inflation …

The paper analyzes the effects of financial liberalization on inflation. We develop a monetary and endogenous growth … positive inflation-financial repression relationship irrespective of the the specification of preferences. But the strength of …

We examine inflation and uncertainty in the UK with a version of the Markov Switching model, which allows for changes … in lowering inflation uncertainty. The 1981 budget, however, greatly lowered uncertainty, and the adoption of a formal … inflation target also had a palpable, negative impact on inflation uncertainty. As a suggestive exercise, we examine inflation …