The paper analyzes the short-run impact of periods of strong monetary growth on inflation dynamics for 15 …

using money growth targets until 1999. Since 2000, when a new policy framework was introduced that focuses on an inflation … growth impacts on inflation. M2, however, matters only if the downward shift in nominal interest rates over the sample is …

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …

Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …

subsequent inflation when accounting for equilibrium velocity movements due to inflation regimes changes. These movements, driven … equilibrium velocity and interest rate movements biases cross-country and time series dynamic money growth / inflation estimated …

using money growth targets until 1999. Since 2000, when a new policy framework was introduced that focuses on an inflation … growth impacts on inflation. M2, however, matters only if the downward shift in nominal interest rates over the sample is …

We employ a money-based early warning model in order to analyse the risk of a low inflation regime in the euro area …, Japan and the US. The model specification allows for three different inflation regimes: Low, Medium and High inflation … estimate the model with data from the early 1970s up to the present. Our analysis suggests that the risks of a Low inflation …

relationship between money growth and inflation in a Bayesian Markov Switching framework for a set of four countries, the US, the … money growth and inflation appears to be nonlinear, as our estimation results identify multiple inflation regimes displaying … high inflation regime but the influence of money on such signal seems to be relevant mainly in the 70s and the early 80s, i …

longer-run inflation developments in the euro area. Employing an eclectic approach we consider various relevant theories …-frequency variations of inflation. Money growth is found to be causal for inflation only if other variables are omitted, which we therefore … führt auf die Arbeitslosenrate und die langfristigen Zinsen als kausal für die niederfrequenten Variationen der Inflation …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …