The article explores how to control inflation when money can move freely between countries. It looks at different ways to stabilize prices, like controlling how much money is created or setting exchange rates. The study finds that reducing inflation takes time and requires cutting demand. Lowering inflation can also boost real demand, causing challenges. Additionally, stabilizing inflation can affect the exchange rate and balance of payments. While a temporary rise in the exchange rate can help lower inflation, it may lead to problems later on.