Herwartz, Helmut; Reimers, Hans-Eggert - 2001
analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a … supposed equilibrium price level (P-star), which itself depends on potential output and money. We investigate country …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P-star …