The paper analyses the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at … other countries, thus implying that the fraction of inflation’s long-run variation explained by long-run money growth has …, being for long periods of time smaller than one. The unitary gain associated with the quantity theory of money appeared in …

This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably … find evidence of its linchpin prediction that is not limited to periods of high inflation. …

Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …

This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …

analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P …

The paper reconstructs the origins of the quantity theory of money and its applications. Against the background of the … history of money, it is shown that the theory was flexible enough to adapt to institutional change and thus succeeded in … on a panel data set covering more than hundred countries from 1991 to the present confirms that the theory still holds: a …

We test the quantity theory of money (QTM) using a novel approach and a large new sample. We do not follow the usual … real GDP, the growth rate of money and inflation. These variables must then again be ‘integrated’ by averaging in order to … do not select for high inflation episodes as was done in most empirical studies; inflation rates do not even appear in …

Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism … the theory, derived from his recognition of bank deposits as means of exchange, was to treat their out of equilibrium … recursive interaction with inflation as integral to it. This treatment underlay both his 1920s work on the business cycle as a …