Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …

longer-run inflation developments in the euro area. Employing an eclectic approach we consider various relevant theories …-frequency variations of inflation. Money growth is found to be causal for inflation only if other variables are omitted, which we therefore … treibenden Kräfte hinter den längerfristigen Inflationsentwicklungen in der Eurozone. Wir verwenden einen eklektischen Ansatz …

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 …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …

money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating … in an all-out horserace. -- Information content of money ; inflation forecasting ; New Keynesian model ; DSGE model ; P …

movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across countries … deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the effective lower … inflation. …

money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …

We update the wavelet-based analysis of the relationship between money growth and inflation in the euro area in Mandler … and Scharnagl (2014). The relationship between headline M3 growth and inflation at low frequencies has weakened over the … inflation for cycles of 24 years and longer duration. The long-run fluctuations of adjusted money growth and inflation move …