responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating …

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 …

-neutrality, I find that money supply shocks are less effective at stimulating inflation in recessions than in expansions. In terms … of quantitative magnitude, the impact effect on inflation of a money supply shock is about half as large during …

-neutrality, I find that money supply shocks are less effective at stimulating inflation in recessions than in expansions. In terms of … quantitative magnitude, the impact effect on inflation of a money supply shock is about half as large during recessions than during …

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 studies the effect of inflation on welfare in a monetary economy with price dispersion and consumer search …. When facing greater price dispersion with higher inflation, consumers search harder for lower prices, and increased search … frictions to incorporate the interrelationship of money, search, and endogenous price dispersion. Inflation aspects welfare …