crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman … long run dynamics of CPI inflation inIndonesia remarkably weIl. Hence, there is an empirical support for the assertion that …

, inwiefern die Beziehung zwischen Geldmenge und Inflation stabil ist, d.h. ob das Parameterregime als konstant unterstellt werden … der Exit-Strategie. -- Umlaufsgeschwindigkeit ; multivariates Zustandsraummodell ; Inflation ; Geldmenge …While the long run relation between money and inflation is well established, empirical evidence on the adjustment to …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …