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Optimal Inflation and Inflation Targeting: International Experience
13 references·0 citing·49 second hop
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Different nonlinearities for different economies (2004)When does inflation hurt econ…Inflation crises and long-run growth (1998)Inflation crises and long-run…Nonlinear Effects of Inflation on Economic Growth (1995)Nonlinear Effects of Inflatio…INFLATION IN THE THEORY OF PUBLIC FINANCE (1979)INFLATION IN THE THEORY OF PU…Inflation in the Theory of Public Finance (1973)Inflation in the Theory of Pu…The Welfare Cost of Inflationary Finance (1956)The Welfare Cost of Inflation…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Zero Bound on Interest Rates and Optimal Monetary Policy (2003)Bond Market Exposures to Macroeconomic and Monetary Policy Risks (2017)Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets (2017)The European Green Deal — More Than Climate Neutrality (2021)A Contribution to the Theory of Taxation (1927)Essays in Positive Economics (1954)Time Consistency of Fiscal and Monetary Policy (1987)Economic and Monetary Union in Europe (1992)Fiscal Policy and Long-Run Growth (1997)Optimal Taxation and Public Production I: Production Eficiency (2016)The role of macroeconomic factors in growth (1993)Warning: Inflation May Be Harmful to Your Growth (1998)Explaining African Economic Performance (1999)What makes growth sustained? (2011)A SENSITIVITY ANALYSIS OF CROSS-COUNTRY GROWTH REGRESSIONS (1991)Determinants of Economic Growth: A Cross-Country Empirical Study (1997)RELATIONSHIP BETWEEN INFLATION AND ECONOMIC GROWTH (2004)Inflation and economic growth: a cross-country nonlinear analysis (2006)Social Spending, Human Capital, and Growth in Developing Countries (2008)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Initial conditions and moment restrictions in dynamic panel data models (1998)Renewable energy consumption and economic growth in OECD countries: A nonlinear panel data analysis (2020)Threshold effects of public debt on economic growth in Africa: a new evidence (2020)Public debt and economic growth in developing countries: Nonlinearity and threshold analysis (2021)The Optimum Quantity of Money: and Other Essays (1971)Optimal monetary policy with staggered wage and price contracts (2000)U.S. Economic Prospects: Secular Stagnation, Hysteresis, and the Zero Lower Bound (2014)Price dispersion and inflation: New facts and theoretical implications (2019)The Optimal Inflation Target and the Natural Rate of Interest (2019)Should Central Banks Issue Digital Currency? (2021)Threshold Effects in the Relationship between Inflation and Growth (2001)SMOOTH TRANSITION AUTOREGRESSIVE MODELS — A SURVEY OF RECENT DEVELOPMENTS (2002)A Recovery for All: Rethinking Socio-Economic Policies for Children and Poor Households (2012)Inflation and economic growth in Nigeria: Detecting the threshold level (2012)Monetary Policy, Inflation and Economic Growth in Pakistan: Exploring the Co-integration and Causality Relationships (2012)The New Keynesian Economics and the Output-Inflation Trade-Off (1988)Inflation and Economic Growth (1995)The New Growth Evidence (1999)Tropics, germs, and crops: how endowments influence economic development (2003)Chapter 8 Growth Econometrics (2005)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)The ‘New’ Theory of Optimum Currency Areas (1993)Cointegration Vector Estimation by Panel DOLS and Long‐run Money Demand* (2003)The Exchange Rate And The Balance of Payments In The Short Run and in The Long Run: A Monetary Approach (1977)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies (2004)
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References

  • 1998Inflation crises and long-run growth812 cited
  • 1995Nonlinear Effects of Inflation on Economic Growth681 cited
  • 1956The Welfare Cost of Inflationary Finance495 cited
  • 1973Inflation in the Theory of Public Finance410 cited
  • 1979INFLATION IN THE THEORY OF PUBLIC FINANCE336 cited
  • 2013Inflation and economic growth: A dynamic panel threshold analysis for Asian economies169 cited
  • 2004When does inflation hurt economic growth? Different nonlinearities for different economies166 cited
  • 2014The Case for a Long-Run Inflation Target of Four Percent164 cited
  • 2018The Optimal Inflation Target and the Natural Rate of Interest51 cited
  • 2010Estimating The Inflation–Growth Nexus—A Smooth Transition Model46 cited
  • 2014On the Opportunities, Targets and Mechanisms of Monetary Policy under the Current Conditions32 cited
  • 2017The Recent Inflation Crisis and Long-run Economic Growth in India: An Empirical Survey of Threshold Level of Inflation27 cited
  • 2018Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa18 cited

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