108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …

108.6 percent. Inflation reduced this ratio about 40 percent within a decade. Yet there are some important differences … inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …

that central banks may be too aggressive at fighting inflation. Encompassing tests are therefore required to select the …

The introduction of inflation targets in Canada in 1991 ostensibly clarified the objectives of monetary policy, namely … stable inflation. An obvious question then is to ascertain whether in fact, as the Governor the Bank stated recently … 1986. In so doing, we examine a sample before inflation control targets were introduced, as well as the period since. The …

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … associated with a higher level of inflation while greater exchange rate stability and greater financial openness could lower the … inflation rate. We find that trilemma policy configurations affect output volatility through the investment or trade channel …