We assess the relevance of the monetary policy of the ECB in the context of persistent inflation differentials among … adopted an appropriate monetary policy rule to prevent low inflation countries from a deflationary spiral, but that it did not … consider the negative effects induced as a consequence on the countries with a higher inflation rate. This raises the question …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …