The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …

acceleration of output growth and containment of inflation in the long run. At the same time, it is not recommended to proceed with …

The available evidence in Pakistansuggests that inflation is a monetary phenomena. This paper examines the relationship … between the determinants of inflation and its volatility by using monthly data for 1990:M1-2007:M5. The determinants of … inflation are estimated by a VAR analysis, which shows that inflation, the interest rate and money supply move together. A VAR …

This study analyses inflation, money supply and output growth in Indonesia during 1950-2002. We develop a monetary … model of inflation and uses it as a theoretical basis for this study, by the estimation of the cointegration-and error …-correction models of inflation. …

inflation. This paper shows that previously shown results are robust to changes in the specification of interest rate rigidity …. Results investigated include: (1) the procyclicality of inflation, (2) inflation control through interest rate manipulation,(3 …) the persistence of inflation since World War II, (4) the Great Moderation under inflation targeting, (5) real rate …

This paper aims at providing quantitative analysis of the dynamics of money supply, exchange rate and inflation in … inflation may not be due to aggregate demand pressure but rather due to hiccups in the supply chain of goods both from the … to short run disequilibrium. However, there exists a causal linkage between inflation, money supply and exchange rate in …