The role of money in society has been a controversial topic in economic theory over many years. Particular attention … has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left … today we have competition between issuers of money, namely in the international context, with electronic money, and in large …

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

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …

This paper analyzes the possibility to generate indeterminacy and equilibria with short-run non-neutrality of money in … a model with flexible prices, constant returns to scale in production and constant money growth rules. The model …

The information content of broad money M3 for future GDP inflation in the euro area is investigated from a number of … perspectives. Firstly, tests that money does not Granger-cause prices are conducted within a cointegrated VAR system comprising … extended to investigate the claim that - in the context of an extended P-star model - the real money gap has substantial …

the euro area. The forecasting performance of models including indicators based on money and credit is assessed in a …

monetary base rule which responds only to the money demand shocks in the model. We solve the model with this counterfactual …

We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between … staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the …