longer-run inflation developments in the euro area. Employing an eclectic approach we consider various relevant theories …-frequency variations of inflation. Money growth is found to be causal for inflation only if other variables are omitted, which we therefore … führt auf die Arbeitslosenrate und die langfristigen Zinsen als kausal für die niederfrequenten Variationen der Inflation …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …

Druckerpresse den Patienten am Leben zu halten. Die Folgen: Nullzinsen, immense Staatsverschuldung und eine drohende Inflation … immense Risiken. Staatsverschuldung, Negativzinsen, Inflation IBM ein giftiger Cocktail. Die Schulden der Euroländer sind … zwischen 2008 und 2021 explodiert. Im gleichen Zeitraum hat sich die Geldmenge versiebenfacht und die Zinsen sind in den Keller …

Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …

inflation at different time horizons or frequency bands. The ECB has publicly supported this understanding of the framework …. This paper presents further evidence on the behaviour of euro area inflation using band spectrum regressions, which allow … frequency domain. The main finding is that variations in inflation are well explained by low-frequency movements of money and …