proposed by Gerlach (2004) for the euro area that integrates money growth in an inflation forecasting equation. This "two …-pillar" Phillips curve suggests that the low-frequency component of money growth, alongside current inflation and the output gap, helps … predict future inflation. These results are confirmed by an alternative money-augmented Phillips curve proposed by Neumann …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …We develop a dynamic general equilibrium model to analyze the relationship between monetary policy, money demand, and … unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

the Phillips curve based on constant inflation expectations has returned for Sweden. Based on estimates of this model …-2011. This result is based on Svensson's unrealistic as well as unnecessary assumption of constant inflation expectations … anchored at the Riksbank's inflation target of 2 per cent. Data show, however, that the public's inflation expectations have …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

contrast, “hybrid” NKPC models, which add lagged-inflation and supply-shock variables, are shown to be spurious and …

countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best … variability, worsening the fit of a one-for-one relationship between money growth and inflation, and generates a fairly low …This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for …

analysis proves that a higher degree of central bank independence would statistically improve the inflation performance in the … entire region and in the two subsamples, basically by lowering the inflation rates level and decreasing volatility. Finally …