This paper studies monetary policy rules in a small open economy with Inflation Targeting, incomplete pass-through and …

focuses solely on stabilizing nominal wage inflation. Furthermore, this simple wage stabilization rule is remarkably robust to …

In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

This study empirically examines the nexus among budget deficit, money supply and inflation by using a monthly data set … from January 1995 to December 2012 and a SVAR model with five endogenous variables, inflation, money growth, budget deficit … that money growth has positive effects on inflation while budget deficit growth has no impact on money growth and therefore …

In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the … economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation … rates. Transformation countries are therefore interesting laboratories for studying individual inflation aversion. In this …

Purpose: This paper aims to uncover the nexus between budget deficits, money growth and inflation in Vietnam in the … variables including inflation, real GDP growth, budget deficit growth, money growth and the interest rate. Findings: It is found … that inflation rose in response to positive shocks to money growth and that budget deficits had no significant impact on …