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 …

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

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 …

We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced … and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation … increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and …

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 …