Herwartz, Helmut; Reimers, Hans-Eggert - 2001
analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P …