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 …

We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect of money growth on inflation weakened notably after the 1980s before … maximum impact of money growth on inflation is increasing in the trend level of inflation. These results caution against …

relationship of various measures of money and inflation. After demonstrating that previous naïve correlations between money and … inflation as established in the 20th century literature have largely disappeared, we explain why this cannot be taken as support …

Based on the observed behavior of monetary aggregates and exchange rates, we classify inflation stabilization episodes …

track the EUR or USD to an extent which appears inconsistent with inflation targeting, trade or financial integration, or …

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role … for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integration with the global economy …, changes in the policy frameworks, among others, in the last decade suggest that the drivers of inflation may have changed. We …

a modified event study framework. They are found to have a more prominent impact on inflation expectations and exchange …