The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …

countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … elasticities implied by theories of Baumol-Tobin and Miller-Orr. Finally, the sample after 1990 shows considerably less inflation … variability, worsening the fit of a one-for-one relationship between money growth and inflation, and generates a fairly low …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

We consider standard monetary-policy rules with inflation-rate targets and interest-rate or money-growth instruments …-target equilibria (BTE) with inflation always below target and constant or asymptotically approaching or eventually reaching a below … rate above a lower bound. We construct monetary-policy rules, that preclude BTE, some of which are monotonic in inflation …

We consider standard monetary-policy rules with inflation-rate targets and interest-rate or money-growth instruments …-target equilibria (BTE) with inflation always below target and constant asymptotically approaching or eventually reaching a below … rate above a lower bound. We construct monetary-policy rules that preclude BTE, some which are monotonic in inflation but …

The purpose of this paper is to answer the question of whether the switching to the Inflation Targeting (IT) regime is … criterion. That is, the practical experience of the inflation targeters, and the efficiency of Monetary Targeting Regime (MTR … down individuals expectations about the future path of inflation in Egypt. Taking into account that IT regime is a way to …

The purpose of this paper is to answer the question of whether the switching to the Inflation Targeting (IT) regime is … criterion. That is, the practical experience of the inflation targeters, and the efficiency of Monetary Targeting Regime (MTR … down individuals expectations about the future path of inflation in Egypt. Taking into account that IT regime is a way to …

This article investigates the post-1990 link between broad money growth and inflation in 16 full-fledged inflation …-targeting regimes and four benchmark non-inflation-targeting regimes. This study employs the Christiano-Fitzgerald band-pass filter and …-pass filtering techniques, the link between money growth and inflation was weak and statistically nonsignificant over the …