exchange rate and the price level if a central bank implements an inflation target by means of a traditional Taylor rule. These …

subsequent inflation when accounting for equilibrium velocity movements due to inflation regimes changes. These movements, driven … equilibrium velocity and interest rate movements biases cross-country and time series dynamic money growth / inflation estimated …

onwards as an indicator variable. Since the new policy framework focusses on an inflation forecast, the question arises how … proposed by Gerlach (2004) for the euro area that integrates money growth in an inflation forecasting equation. This "two …-pillar" Phillips curve suggests that the low-frequency component of money growth, alongside current inflation and the output gap, helps …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

onwards as an indicator variable. Since the new policy framework focusses on an inflation forecast, the question arises how … proposed by Gerlach (2004) for the euro area that integrates money growth in an inflation forecasting equation. This "two …-pillar" Phillips curve suggests that the low-frequency component of money growth, alongside current inflation and the output gap, helps …

subsequent inflation when accounting for equilibrium velocity movements due to inflation regimes changes. These movements, driven … equilibrium velocity and interest rate movements biases cross-country and time series dynamic money growth / inflation estimated …