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Is Inflation Always and Everywhere a Monetary Phenomenon?

De Grauwe, Paul; Polan, Magdalena - 2001

Using a sample of about 160 countries over the last thirty years we test for the quantity theory relationship between money and inflation. When analysing the full sample of countries we find a strong positive relation between the long-run inflation and money growth rate. The relation is not,...

Persistent link: https://www.econbiz.de/10014123208

The impact of Fisher's purchasing power of money in the German language area

Hagemann, Harald - In: The European journal of the history of economic thought 20 (2013) 2, pp. 323-348

Persistent link: https://www.econbiz.de/10009752032

Money-output Granger causality revisited : an empirical analysis of EU countries

Hayo, Bernd - 1998

Persistent link: https://www.econbiz.de/10001350272

Using Taylor rules to understand ECB monetary policy

Sauer, Stephan; Sturm, Jan-Egbert - 2003

Over the last decade, the simple instrument policy rule developed by Taylor (1993) has become a popular tool for evaluating monetary policy of central banks. As an extensive empirical analysis of the ECB's past behaviour still seems to be in its infancy, we estimate several instrument policy...

Persistent link: https://www.econbiz.de/10001914014

Financial Aggregates as Conditioning Information for Australian Output and Inflation

Tallman, Ellis W.; Chandra, Naveen - 2014

This paper examines whether financial aggregates provide information useful for predicting real output growth and inflation, extending the inquiry conducted in Tallman and Chandra (1996). First, we investigate whether perfect knowledge of the future values of financial aggregates helps improve...

Persistent link: https://www.econbiz.de/10014048578

Money-Output Causality Revisited : An Empirical Analysis of EU Countries

Hayo, Bernd - 2001

In this paper, the evidence collected in the large literature on testing for Granger-causality from money to output is re-visited. Using a broad data base of 14 EU-countries plus Canada, the U.S. and Japan, and quarterly data from the mid-60s to the mid-90s, a number of hypotheses from this...

Persistent link: https://www.econbiz.de/10014216265

Money-Output Causality Revisited : An Empirical Analysis of EU Countries

Hayo, Bernd - 1998

In this paper, the evidence collected in the large literature on testing for Granger-causality from money to output is re-visited. Using a broad data base of 14 EU-countries plus Canada, the US and Japan, and quarterly data from the mid 60s to the mid 90s, a number of hypotheses from this...

Persistent link: https://www.econbiz.de/10014216717

Bank Loan Supply, Real Fluctuations and Monetary Policy : Evidence for Sweden 1980-1994

Meuller, Lars - 1998

Using Swedish monthly data for the period 1980:1 to 1994:3, a set of questions motivated by the literature on the lending channel of monetary policy is addressed. The main results are: Regulations on banks portfolio decisions that were in force up to 1985 seem effective in that bank lending move...

Persistent link: https://www.econbiz.de/10014112344

The Validity of Fisher Hypothesis : Evidence from Sri Lanka

Udayaseelan, Thuraisingam - 2014

The objective of this paper is to evaluate whether the Fisher Hypothesis holds in the context of Sri Lankan financial … for monthly and quarterly data and cointegration analysis for annual data to investigate the validity of the Fisher … inflation. The study produces no empirical support for even a partial Fisher effect in Sri Lanka during the sample periods …

Persistent link: https://www.econbiz.de/10013040551

A New Measure of Monetary Policy Shocks

Zhang, Xu - 2018

This paper constructs a new measure of monetary policy shocks that is orthogonal to fundamentals by combining the high-frequency approach of Gurkaynak et al. (2005) and Romer and Romer (2004)'s narrative approach. The empirical features of the new measure are: (i) contractionary monetary policy...

Persistent link: https://www.econbiz.de/10012907026