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find evidence of its linchpin prediction that is not limited to periods of high inflation. -- quantity theory of money …
Persistent link: https://www.econbiz.de/10003949071
find evidence of its linchpin prediction that is not limited to periods of high inflation …
Persistent link: https://www.econbiz.de/10013316221
real GDP, the growth rate of money and inflation. These variables must then again be "integrated" by averaging in order to … do not select for high inflation episodes as was done in most empirical studies; inflation rates do not even appear in …
Persistent link: https://www.econbiz.de/10003951666
real GDP, the growth rate of money and inflation. These variables must then again be ‘integrated’ by averaging in order to … do not select for high inflation episodes as was done in most empirical studies; inflation rates do not even appear in …
Persistent link: https://www.econbiz.de/10010427532
real GDP, the growth rate of money and inflation. These variables must then again be 'integrated' by averaging in order to … do not select for high inflation episodes as was done in most empirical studies; inflation rates do not even appear in …
Persistent link: https://www.econbiz.de/10014212836
Harry Johnson's 1971 ideas about the factors affecting the success of the Keynesian Revolution and the Monetarist Counter-revolution are summarised and extended to the analysis of the Rational Expectations - New Classical (RE-NC) Revolution It is then argued that, whereas Monetarism brought...
Persistent link: https://www.econbiz.de/10009765542
revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …
Persistent link: https://www.econbiz.de/10009774367
Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …
Persistent link: https://www.econbiz.de/10011477146
find evidence of its linchpin prediction that is not limited to periods of high inflation. …
Persistent link: https://www.econbiz.de/10008534035
real GDP, the growth rate of money and inflation. These variables must then again be ‘integrated’ by averaging in order to … do not select for high inflation episodes as was done in most empirical studies; inflation rates do not even appear in …
Persistent link: https://www.econbiz.de/10005187361