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

ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …

This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …

(WDN) on patterns of firm-level adjustment to shocks. We document that the relative intensity and the character of price vs …