We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the euro area …, Japan and the US. The model specification allows for three different inflation regimes: Low, Medium and High inflation … estimate the model with data from the early 1970s up to the present. Our analysis suggests that the risks of a Low inflation …

We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the Euro Area …, Japan and the US. The model specification allows for three different inflation regimes: "Low", "Medium" and "High" inflation … estimate the model with data from the mid 1970s up to the present. Our analysis suggests that the risks of a "Low" inflation …

money growth and inflation appears to be nonlinear, as our estimation results identify multiple inflation regimes displaying … relationship between money growth and inflation in a Bayesian Markov Switching framework for a set of four countries, the US, the … UK, the Euro area and Japan, over an estimation period spanning from 1960 to 2012. We find that the relationship between …

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 …

This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting inflation … inflation with the ability of quantile regression to model flexibly the whole distribution of inflation. In order to make our …-based indicators for the prediction of the conditional distribution of inflation in the euro area, both in the short and longer run …

money growth and inflation appears to be nonlinear, as our estimation results identify multiple inflation regimes displaying … relationship between money growth and inflation in a Bayesian Markov Switching framework for a set of four countries, the US, the … UK, the Euro area and Japan, over an estimation period spanning from 1960 to 2012. We find that the relationship between …

parameters of structural vector autoregressive (SVAR) models. Economic theory is the primary source of such restrictions. However …

The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no … role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …

We evaluate the monetary determinants of inflation in the Czech Republic, Hungary, Poland and Slovakia by using the … McCallum rule for money supply. The deviation of actual money growth from the rule is included in the estimation of Phillips … excessive monetary growth on inflation is mixed: It is positive for Poland and Slovakia, but negative for the Czech Republic and …