Over the last two centuries, the coherence between either narrow or broad money growth and inflation at zero has … that the fraction of inflation's long-run variation explained by long-run money growth has been very high and relatively … outbursts associated with World War I and the Great Inflation - but not World War II - whereas following the disinflation of the …

area, Japan, and U.K.) a compression in the long-term yield spread exerts a powerful effect on both output growth and … inflation. Second, conditional on available estimates of the impact of the FED's and the Bank of England's asset purchase …

understanding of and expand research on this topic. Given the importance of the People’s Republic of China, Japan, and the United …

On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …

- both per hour and per worker - in the United States, the Eurozone, the United Kingdom, Australia, and Japan over the post … years. Results for the Eurozone point towards a marked deceleration since the beginning of the 1980s, with equilibrium …

Kingdom, Japan and the Euro Area. For these four economies, we answer the following research questions: (i) How can we …

This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the …

Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and … long-run interest rates with corresponding inflation rates. Traditional cointegration implies perfect mean reversion in …