Successful central banks can afford to pay scant attention to money

Does money growth tell us anything about inflation?

The view of one of the authors of this paper about the relationship between money and inflation can be summarised in two anecdotes.

The European Central Bank’s operational framework and what it is missing

This paper attempts to fill in the gaps in the European Central Bank's framework review

The European Central Bank’s timid operational framework update

The European Central Bank announced limited changes to its operational framework – which is probably right given current uncertainty

Forecasting the daily exchange rate of the UK pound sterling against the US dollar