policy. First, I consider whether ignoring money means returning to the conceptual framework that allowed the high inflation … of the 1970s. Second, I consider whether models of inflation determination with no role for money are incomplete, or … evidence for a long-run relationship between money growth and inflation. (Here I give particular attention to the implications …

when making decisions about monetary policy. First, I consider whether ignoring money means returning to the conceptual … role for money are incomplete, or inconsistent with elementary economic principles. Third, I consider the implications for … monetary policy strategy of the empirical evidence for a long-run relationship between money growth and inflation. And fourth …