This paper investigates the predictive ability of money for future inflation in the Czech Republic, Hungary, Poland and … find in-sample evidence that money matters for future inflation at the policy horizons that central banks typically focus … on, but our pseudo out-of-sample forecasting exercise shows that money does not in general improve the inflation …

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 …

There is a broad consensus among economists that, in the long run, inflation is a monetary phenomenon. However … inflationary processes. Moreover, impulses from monetary policy actions are transmitted to inflation through the output gap alone …. Interest rate impulses affect inflation through two channels, the output gap and the liquidity gap. Section 2 of the paper …