Economists and central bankers no longer consider monetary aggregates relevant for inflation forecasts. We explain this … neglect by advancing and testing the hypothesis that monetary aggregates are only relevant for inflation in unsettled monetary … and inflationary conditions. When inflation is basically stable around the central bank target (1.9 percent), as it has …

power for inflation or, put differently, whether money growth Granger causes inflation. We use a historical dataset … - consisting of annual Swedish data on money growth and inflation ranging from 1620 to 2021 - and employ state-of-the-art Bayesian … likelihoods - provides strong evidence in favour of money growth Granger causing inflation. This strong evidence is, however, not …

focussed on inflation targeting may not necessarily be effective in India where inflation and inflationary expectations … of past experience and international best practices. It confirms that food inflation has been the driver of domestic … inflation. The paper studies the recommendations of the Urjit Patel Committee and comments that monetary policies predominantly …