Money and inflation: Consequences of the recent monetary policy

We use a multivariate state space framework to analyze the short run impact of money on prices in the United States. The key contribution of this approach is that it allows to identify the impact of money growth on inflation without having to model money demand explicitly.

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Year of publication:	2013
Authors:	El-Shagi, Makram ; Giesen, Sebastian
Published in:	Journal of Policy Modeling. - Elsevier, ISSN 0161-8938. - Vol. 35.2013, 4, p. 520-537
Publisher:	Elsevier
Subject:	Policy simulation \| Velocity \| Multivariate state space model \| Exit strategies

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Type of publication:	Article
Classification:	E31 - Price Level; Inflation; Deflation ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; C32 - Time-Series Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010679045