Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

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 …

-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. -- Bayesian VAR …

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 …