"true" forecasts of real time data for several periods are employed. -- European Central Bank ; monetary policy ; real time …

in order to account for variations within these variables over time. We argue that measures of money and credit growth … the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis … the ECB during the crisis. -- Subprime crisis ; federal reserve ; European Central Bank ; equilibrium real interest rate …

This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For …, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity …

inflation. This renders it difficult for central bank to exit from their current very expansive monetary policy stance if they …