The authors used the policy game approach to gain insight into a problem that has puzzled analysts of high inflation … economies. Why are programs based on tight fiscal and monetary policies slow at reducing inflation in high inflation countries … to use surprise inflation in a discretionary manner to achieve short term goals ( e.g. eroding the real wage or the real …

recurred throughout the post-World War II period. This paper provides a comparative analysis of the politics of inflation and … and inflation, especially the role that populism might play in propagating inflation. It examines the inflation histories … recurrent cycles of very high inflation over an extended period. The paper draws more extensively on case studies of particular …

Recent literature suggests that long-run averages of growth and inflation are only weakly correlated and that such … correlation is not robust to the exclusion of observations of extreme inflation. Including time series panel data has improved … matters, but an aggregate parametric approach remains inconclusive. The authors propose a nonparametric definition of high-inflation …

The author evaluates how much relative price shifts affected inflation in Poland between 1989 and 1997. He uses a … changes and the general inflation rate. Regressions controlling for various shocks revealed that significant relative price … inflationary pressures. Growth in money and wages were shown to fuel inflation. Appreciation of the real exchange rate lowered it …

Much existing literature fails to recognize that high inflation (annual rates in three digits) is a distinctly … different phenomenon from moderate inflation and hyperinflation. The failure to understand the specific features of the … inflation process in the chronic high inflation economies has many times led to a wrong diagnosis of the underlying reasons for …

Inflation persists at moderate rates (15-30 percent) in all the countries that successfully reduced triple …-digit inflation in the 1980s. Several other countries--for example, Colombia--have experienced moderate inflation for prolonged … periods. The authors introduce types of theories of persistent inflation. Theories emphasizing seigniorage as a source of …

The author reviews the theory and evidence on inflation and growth and provides additional empirical evidence for a … large cross-section of countries. The evidence, he reports, suggests a robust negative relationship between inflation and … growth. He argues that inflation limits growth mainly by reducing the efficiency of investment rather than its level. But …

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 …