This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different...

This paper explores the relevance of the Divisia monetary aggregate in Taiwan over the period January, 1985 through to June, 2016. We apply a block recursive structural Vector Autoregressive (VAR) approach that is adapted to a small open economy by adding the New Taiwan Dollar/US Dollar exchange...

This chapter introduces a mechanism for generating a series of rules that characterize the money-price relationship for the United States, defined as the relationship between the rate of growth of the money supply and inflation. Monetary Services Indicator (MSI) component data is used to train a...