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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| Awduron Eraill: | |
| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 2008/076 |
| Mynediad Ar-lein: | Full text available on IMF |