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Money and inflation: Consequences of the recent monetary policy

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  • El-Shagi, Makram
  • Giesen, Sebastian

Abstract

We use a multivariate state space framework to analyze the short run impact of money on prices in the United States. The key contribution of this approach is that it allows to identify the impact of money growth on inflation without having to model money demand explicitly.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Policy Modeling.

Volume (Year): 35 (2013)
Issue (Month): 4 ()
Pages: 520-537

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Handle: RePEc:eee:jpolmo:v:35:y:2013:i:4:p:520-537

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Web page: http://www.elsevier.com/locate/inca/505735

Related research

Keywords: Policy simulation; Velocity; Multivariate state space model; Exit strategies;

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References

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Cited by:
  1. Khieu Van, Hoang, 2014. "Budget deficit, money growth and inflation: Empirical evidence from Vietnam," MPRA Paper 54488, University Library of Munich, Germany, revised 12 Feb 2014.

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