The Czech National Bank has a respectable track record in terms of its policy actions and the corresponding inflation … outturns. Using a simple forward-looking policy rule, we find that its main communication tools-inflation targets, inflation … forecasts, verbal assessments of the inflation risks contained in quarterly inflation reports, and the voting within the CNB …

We use Bayesian estimation techniques to investigate whether money growth Granger-causes inflation in the United States … including money growth in simple VAR models of inflation does systematically improve out-of-sample forecasting accuracy. This …. However, the contribution of money to inflation forecasting accuracy is quantitatively limited and tends to be smaller in …

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 …

transformed money demand, in addition to the observed output gap and inflation, into a simple but optimal interest rate rule …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …

financial system. Our simulations suggest that if financial instability affects output and inflation with a lag and if the … can trade off more output and inflation instability today for a faster return to the trend than a policy that follows the … simple Taylor rule with only the contemporaneous output gap and inflation. …

area liquidity. U.S. excess liquidity also enters consistently positive as a determinant of euro area inflation. There is …