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Money and inflation: Consequences of the recent monetary policy

  • El-Shagi, Makram
  • Giesen, Sebastian

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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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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