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 …

der Exit-Strategie. -- Umlaufsgeschwindigkeit ; multivariates Zustandsraummodell ; Inflation ; Geldmenge …, inwiefern die Beziehung zwischen Geldmenge und Inflation stabil ist, d.h. ob das Parameterregime als konstant unterstellt werden …While the long run relation between money and inflation is well established, empirical evidence on the adjustment to …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … the long run equilibrium is very heterogeneous. In this paper, we show that the development of US consumer price inflation … equations of the state space model that explain money growth, inflation, and GDP growth. We also account for the possibility …