supposed equilibrium price level (P-star), which itself depends on potential output and money. We investigate country …-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output … Volkswirtschaften und ein aus den Gleichungen bestehendes gepooltes System. Es wird auf Kointegration zwischen einer Geldmenge, einem …

correction model with quarterly data for the Euro Area is estimated to test whether the price gap has an impact on consumer price …

supposed equilibrium price level (P-star), which itself depends on potential output and money. We investigate country …-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output … analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …