quantity theory has been made operational also for the short-run dynamics of inflation by so-called Pstar models. An error …Inflation is a monetary phenomenon. While this statement is widely accepted in terms of a long-run relationship, the … inflation. The response of the HICP is strongly positive. Other factors such as raw material prices and unit labor costs also …

The Federal Reserve Board's P-Star inflation forecasting model predicts changes in inflation from the gap between …

Regarding inflation as being a monetary phenomenon in the long-run is a widely-heldDie Aussage, dass Inflation …

analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P …