of inflation. Differences between the rate of inflation and currency depreciation (over- or undershooting of the exchange …

inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered. …

This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …

the relation of Money Growth and its effect on Inflation, for the specific case of Bolivia. The text describes the … a Box-Jenkins procedure (ARMA process) that confirms the relation between Money Growth and Inflation in Bolivia using …Is inflation always explained as a monetary phenomenon? In this study, the author presents empirical evidence regarding …

and inflation in broad cross-country panels. This paper provides new econometric estimates for a panel of 23 emerging …-run relationship between the two variables controlling for differences in the inflation tax base. We find that a 1 percentage point … reduction in the ratio of fiscal deficit to GDP typically lowers long-run inflation by 1½ to 6 percentage points, depending on …

these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …

The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context …