In the present paper we estimate a model of price-cost inflation for Australia using business survey responses of firms in the manufacturing sector. The data allow us to circumvent a number of key statistical problems, related in particular to the measurement of costs and structural changes in...

In this paper we consider whether common cyclical dynamics can be identified in the money-inflation relationships suggested by the quantity theory of money. The analysis is based on an examination of data for the USA and the UK, using correlation methods and the more stringent common features...