Does Money Matter for Inflation in the Euro Area?

We analyze the relationship between M3 growth and inflation within an error correction framework including also the output gap, the 3-mo EURIBOR, and the 10-yr government bond yield. We find robust cointegration between money growth and inflation. Shocks in M3 growth account for up to 30% of the inf...

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Detalles Bibliográficos

Publicado en:	Contemporary Economic Policy Vol. 26; no. 4; pp. 590 - 607
Autores principales:	Kaufmann, Sylvia, Kugler, Peter
Formato:	Artículo
Publicado:	Wiley-Blackwell October 2008
Materias:	Price inflation Mathematical models of monetary policy Mathematical models of economics Demand for money
Acceso en línea:	Ver este registro en EBSCOhost