certain types of "money assets" may serve both as an indirect hedge against inflation in the two interpretations of the word …The present work offers a review on two divergent schools of thought regarding the subject of money and highlights why … understanding it is important to grasp the workings and nature of the concept of money. We adopt a spontaneous order perspective on …

money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … substantially expands the traditional vector error correction approach, to analyze the short run impact of money on prices. We … contribute to the literature in three ways: First, we distinguish changes in velocity of money that are due to institutional …

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … thorough and broad based monetary analysis is needed to extract the information content of monetary developments for future …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 … ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …