useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

-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 …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

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 …

-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 …. This cautions against using money-based inflation models anchored in very long samples for policy advice. …

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 …

This paper investigates the long run and short run relationships of monetary policy, inflation and economic growth in … Pakistan using co-integration and causality analysis during the period 0f 1972-2010. A large number of empirical studies on the … relationships of monetary policy and inflation are available and most of these have analyzed the effectiveness of monetary policy in …

, inwiefern die Beziehung zwischen Geldmenge und Inflation stabil ist, d.h. ob das Parameterregime als konstant unterstellt werden …While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …

The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …