inflation in the United States. We test for Granger-causality out-of-sample and find, perhaps surprisingly given recent … theoretical arguments, that including money growth in simple VAR models of inflation does systematically improve out … Volcker and Greenspan eras. However, the contribution of money to inflation forecasting accuracy is quantitatively limited and …

of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an …

We study the link between central bank independence and inflation by providing narrative and empiricial evidence based …, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It … took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social …

-fledged inflation targeting regimes in place or have recently adopted them, using an array of methodologies commonly used in the … that the interest rate gap can be a good predictor of future inflation dynamics and economic growth. In addition, looking …