Does Money Granger Cause Inflation in the Euro Area?

Joaquim Pina
Authors registered in the RePEc Author Service: Carlos Robalo Marques

Working Papers from Banco de Portugal, Economics and Research Department

Abstract: In this paper we re-evaluate the empirical evidence on money-inflation Granger causality for the euro area and, in contrast to Trecroci and Vega (2000), conclude that money does in fact Granger cause inflation. We also show that it takes about a year and a half for changes in money growth to start passing on to inflation and five years for the whole adjustment to take place

JEL-codes: C32 E31 E41 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (1)

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Journal Article: Does Money Granger Cause Inflation in the Euro Area? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ptu:wpaper:w200212

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