such topics as the effect of euro zone expansion on European Central Bank monetary policy making; using the euro as an … policy in a direct democracy framework; detailed sector analysis using a computable general equilibrium model of the world …

. This cautions against using money-based inflation models anchored in very long samples for policy advice. …-causes inflation in the euro area. Based on data from 1970 to 2006 and forecasting horizons of up to 12 quarters, there is surprisingly … power of money growth for inflation is substantially lower in more recent sample periods compared to the 1970s and 1980s …

sovereign monetary policy even in large economies such as the euro area. However, there is still discussion about what … constitutes global excess liquidity and how exactly it shapes the policy environment. Our approach adjusts liquidity for … inflation and is shown to be Granger-causal for euro area inflation in an out-of-sample forecasting exercise. In part, this …

with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …

with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …

with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …

with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …

with the level of corruption in both partner countries. This finding supports the hypothesis that trade gaps partly …

We use Bayesian estimation techniques to investigate whether money growth Granger-causes inflation in the United States … including money growth in simple VAR models of inflation does systematically improve out-of-sample forecasting accuracy. This …. However, the contribution of money to inflation forecasting accuracy is quantitatively limited and tends to be smaller in …

This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of … money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …