do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank …'s objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the …

paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this …This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …

in early 2021. Central banks seem heedless of the inflation risks inherent in monetary financing of the growing …, which relates trends in money growth to changes in inflation and nominal GDP over the medium and long terms. A condition for … the return of inflation to current target levels is that the rate of money growth is reduced back towards annual rates of …

This paper is focused on modern monetary theory's (MMT) treatment of inflation from an open-economy perspective. It … analyses how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …

This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this … facing an inflation-unemployment trade-off. …

” underwent moderate inflation (by wartime standards), but the Confederate “grayback” suffered hyperinflation. Existing …

growth. Inflation also is discussed as further indicator of macroeconomic performance …