volatility and macroeconomic instability in the midst of the global recession. …

fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation … rates -- Chapter 13 What are the effects of budget deficit regimes on inflation and inflation expectations? -- Part 3 … uncertainty and the employment dynamics in South Africa under the inflation targeting regime -- Chapter 18 Economic policy …

In this study, we revisit Uribe's (2006, Journal of Monetary Economics) `fiscal theory of sovereign risk,' which … suggests a trade-off between stabilizing inflation and suppressing default. Unlike Uribe (2006), we develop a class of dynamic … mechanism follows Uribe (2006). This marginal change generates a new Keynesian Phillips curve which connects inflation and the …