), control trend inflation. But how do they exercise this control, especially given that their use of the interest rate as the …, central banks control inflation through the way that they manipulate the unemployment rate (subject to a trade-off between … changes in inflation and the amount of excess unemployment as summarized in a Phillips curve). Second, and alternatively …

tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during …

tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during …

of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country’s fiscal …