Does Money Matter for U.S. Inflation?: Evidence from Bayesian VARs

We use Bayesian estimation techniques to investigate whether money growth Granger-causes inflation in the United States. We test for Granger-causality out-of-sample and find, perhaps surprisingly given recent theoretical arguments, that including money growth in simple VAR models of inflation does s...

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Veröffentlicht in:	IMF working paper 2008, Vol.8 (8/76), p.1
1. Verfasser:	Österholm, Pär
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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