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 …