revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

anchoring of inflation expectations. I carry out my analysis based on a high-frequency identification and the estimation of a … mandate of price stability in the current low-inflation, low-interest-rate scenario. This paper contributes to the existing … forward guidance, i.e. forecasters revise their long-run expectations upwards. Consequently, inflation increases, which …

, premium components are less reactive to inflation shocks, while real rate responses change their sign from positive to …

Central bank announcements move financial markets. The response of inflation and growth expectations, on the other hand …