Morana, Claudio; Bagliano, Fabio Cesare - In: Applied Economics 39 (2007) 2, pp. 229-244
In this article we investigate the long-run link between inflation and money growth in the United States since 1960. A measure of the long-run inflation trend is constructed, which bears the interpreation of 'monetary' inflation rate and is directly related to the excess nominal money growth...
