. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation … determinants of inflation (such as fiscal policy, the business cycle, and openness to international trade), and the endogeneity of … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 … ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …

creating inflation). Finally, I show that the highest welfare level is achieved when counterfeiting is costly, or when the …

We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price …

sample period back to the 1980s, a period characterised by higher volatility in inflation and money growth. JEL … money balances, building on Varian (1983). If additive separability is rejected, then real balances enter into the …

criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross …-check is shown to be effective in offsetting persistent deviations of inflation due to central bank misperceptions. JEL …

Money demand is probably one of the most extensively studies economic relationships in applied economics. While useful …

modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …