In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when … liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain … information for future output and inflation because of its impact on financial spreads. And so we decompose broad money into …

Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly …

gap between prices and wages, thus providing industrial entrepreneurs with windfall profits, which they reinvested in … generally kept pace with prices; and that early-modern England had experienced the greatest degree of such ‘profit inflation … of the Hamilton thesis was its enthusiastic endorsement by John Maynard Keynes, in his Treatise of Money, published the …

In this paper, we study the statistical relationship between money and prices in Argentina during the last quarter of … then apply a filter similar to that of Lucas (1980) and find that correlations between changes in money and prices are … the money stock. Taking lags and leads in the moving averages of prices, we find very different temporal results for the …