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 …

Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to 'hardwire' inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the 'intrinsic' component of inflation persistence are not invariant across monetary policy …

Following Fuhrer and Moore (1995), several authors have proposed alternative mechanisms to 'hardwire' inflation … European Monetary Union, of inflation-targeting countries, and of the new Swiss monetary policy regime, I show that, in the …), the parameters encoding the 'intrinsic' component of inflation persistence are not invariant across monetary policy …

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

most recent decade, associated with the introduction of an inflation-targeting regime, has been significantly more stable … than the previous post-WWII era. For real GDP growth, and for three measures of inflation, break dates are identified at … around the time of the introduction of inflation-targeting, in October 1992. For all four series, the estimated innovation …

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 …