the long-run behaviour and convergence of the market prices, long (short)-run profitability of the fundamental (trend …

There is widespread consensus among economists that high inflation is often caused by the government's need to raise … follow a Laffer curve, where seignorage first rises and them falls with higher inflation. If so, a rate of inflation exists … that maximizes steady-state inflation. Conventional estimates of the seignorage-maximizing rate of inflation often make use …

monetary targeting, and inflation targeting. Inflation targeting has successfully controlled inflation, with some … promote growth, and does not lead to increased fluctuations in output. But inflation targets do not necessarily reduce the … cost of reducing inflation. The key to success of inflation targeting, is its stress on transparency, and communication …

Inflation equals the product of two terms: the fraction of items with price changes (whose volatility figures … time-dependent pricing models). The variance of inflation over time can be decomposed into contributions from the variance … this decomposition for consumer price inflation from February 1988 through April 2003. We find that 90% of the variance of …

In the past 20 years, high and extremely volatile inflation rates in Latin America have generally been associated with … consensus that high inflation is bad for economic development and growth, so it is unclear why governments have adopted unstable … (dec-) accelerating inflation as the cost of collecting information (rises) falls compared with other welfare losses. When …

the inflation process in both countries. The purpose of this paper is to understand the reasons that led to the large … instability in inflation in both countries, and to explain why neither country succeeded in sustaining a high, but stable rate of … inflation. This instability was not accompanied by a noticeable increase in the average rate of inflation. In Argentina …