This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …

with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …

is measurement error in the narrative time series, another is a misspecification of the VAR model. …

What are the effects of a higher central bank inflation target on the burden of real public debt? Several recent … proposals have suggested that even a moderate increase in the inflation target can have a pronounced effect on real public debt … inflation target. We find that moderate changes in the inflation target only have significant effects on real public debt if …

employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

and disadvantages of the various output gap measures. First, I examine the usefulness of the output gap for inflation …

significantly to the determination of inflation and of the dynamics of output. We estimate our model using a maximum likelihood … Geldmenge einen signifikanten Beitrag zur Erklärung der Inflation und der Dynamik des Bruttoinlandsprodukts leistet. Das Model …