Erklärung der Inflation durch eine empirische Überprüfung beider Theorien. Geldmenge allein nicht ausreichend zur Inflationserklärung. Übernahme einiger struktureller Elemente zum besseren Verständnis der Inflationsentwicklung notwendig. Geringe Güterproduktion und hohe Importpreise als...

The P-star inflation model is based on the long-term quantity theory of money and puts together the long-term determinants of the price level and the short-run changes in current inflation. The P-star model-based indicator has replaced the previous monetary policy procedures in a number of...

The P-star inflation model is based on the long-term quantity theory of money and puts together the long term determinants of the price level and the short run changes in current inflation. The P-star model based indicator has replaced the previous monetary policy procedures in a number of...