credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment …In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of …. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise …

credibility and the speed of private sector learning, which are shown to have a major impact on the speed of inflation adjustment …In this paper three possible reasons are examined for a sluggish inflation response to a hard currency peg. Models of …. But even if individual agents believe the government will not devalue, it is shown that inflation inertia can still arise …

The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core … countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the … analysed inflation rates converging, so that there is an indication that these countries tend to form the optimal currency area …

This paper describes research comparing the response of inflation to changes in exchange rate competitiveness in … various regions of the world. The paper first presents evidence that an empirical relationship between the rate of inflation … possible to achieve low inflation and a high export competitiveness simultaneously. The paper then demonstrates that the …