Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation … 2007. The shock increased households' inflation expectations during 2006 and actual inflation in 2007. Germans' willingness …

find evidence of its linchpin prediction that is not limited to periods of high inflation. -- quantity theory of money …

directly on the relationship between the rate of change of the money stock and inflation. We believe that this is an inferior … instrument for the long-run control of inflation. An important finding that contradicts all of the previous literature is that … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …

quantity of money and or excess money can be used to forecast inflation. After a preliminary data analysis, money demand …. Using recursive estimates, indicator properties of monetary aggregates for inflation are assessed for the period from 2000 … the one for M2 is strongly influenced by these three observations. While in both cases forecasts for 2010 show inflation …

is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short …-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable …

experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the "standard model" suffice to explain the broad contours of macroeconomic outcomes in …

study the causal effect of unconventional fiscal policies on consumption expenditure via the inflation-expectations channel … (VAT) effective in 2007. This shock increased German households' inflation expectations during 2006, as well as actual … inflation in 2007. Matched households in other European countries serve as counterfactuals in a difference …