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 …

This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …

reasons, i.e., that no precise statements about causality or dynamics between money growth and inflation can be inferred from … its components. These shortcomings can be tackled by estimating inflation based upon a holistic approach and the … expansions of the monetary base caused by global lockdowns, and a crash in global productivity, on inflation. The main findings …

The core personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, rose to 5 … unless corrected with restrictive monetary policies. Thus, the inflation shock since COVID-19 is not transitory, but it is …

technique of the Vector Autoregression (VAR) and focusing on impact of broad money supply (M2), lending rate, inflation and real … and Ghana Statistical Service. It was found that, real GDP granger causes exchange rate in Ghana. However, inflation … the lending rate and money supply in order to lower inflation to create rooms for more investors to produce more to …

The Bolivian inflation process is analyzed utilizing a time-varying univariate and multivariate Markov-switching model … (TMS). With monthly data and, beginning in the late 1930s, inflation is accurately described by a univariate TMS. The … intercept for the high-inflation regime is significantly higher than for the low-inflation regime and the actual inflation rate …