The DOI matches its Crossref record; 22 of the 22 references it cites were found in a registry or an index.
Money Growth, Money Velocity and Inflation in the US, 1948–2021
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Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
In the citing paper
“The consensus in the literature is that incorporating structural breaks in modeling money demand is methodologically imperative (Castañeda & Cendejas, 2023;Mele & Stefanski, 2019;Omotor, 2011;Doguwa et al., 2014;Sanusi & Meyer, 2018;Oyadeyi, 2022b;Oyadeyi, 2023d).”
From The Velocity of Money and Lessons for Monetary Policy in Nigeria: An Application of the Quantile ARDL Approach (2024) · cites this paper as Castañeda & Cendejas, 2023
Citations
Cites
(2012) · American Economic Review · doi:10.1257/aer.102.2.i · Cited by 13,709
A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle
Hamilton, J. D. (1989) · Econometrica · doi:10.2307/1912559 · Cited by 9,646
State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications
Kim, C.-J., & Halbert, D. C. R. (1999) · The MIT Press eBooks · doi:10.7551/mitpress/6444.001.0001 · Cited by 1,295
Studies in the Quantity Theory of Money.
Brunner, K., & Friedman, M. (1957) · The Journal of Finance · doi:10.2307/2976239 · Cited by 825
Nobel Lecture: Monetary Neutrality
Lucas (1996) · Journal of Political Economy · doi:10.1086/262037 · Cited by 535
Is Inflation Always and Everywhere a Monetary Phenomenon?*
Grauwe, P. D., & Polan, M. (2005) · The Scandinavian Journal of Economics · doi:10.1111/j.1467-9442.2005.00406.x · Cited by 274
Long Run Evidence on Money Growth and InflationPreprint
Benati, L. (2009) · SSRN Electronic Journal · doi:10.2139/ssrn.1345758 · Cited by 116
Money and velocity during financial crises: From the great depression to the great recession
Anderson, R. G., Bordo, M. D., & Duca, J. V. (2017) · Journal of Economic Dynamics and Control · doi:10.1016/j.jedc.2017.03.014 · Cited by 46
Responses of International Central Banks to the COVID-19 Crisis
Haas, J., Neely, C. J., & Emmons, W. R. (2020) · doi:10.20955/r.102.339-84 · Cited by 26
Milton Friedman, the Demand for Money, and the ECB’s Monetary Policy Strategy
Hall, S. G., Swamy, P. A. V. B., & Tavlas, G. S. (2012) · doi:10.20955/r.94.153-186 · Cited by 21
Research works printed but not linked: 4
- Borio C, Hofmann B, Zakrajšek E (2023) Does money growth help explain the recent inflation surge? BIS bulletin 67. January 2023. Accessed online
- Federal Reserve Board of Governors 2020 (2020) Statement on Longer-Run Goals and Monetary Policy Strategy. Press release. August 27th 2020
- Gordon RJ (ed) (1986) The American Business Cycle. University of Chicago Press, for the National Bureau of Economic Research, Chicago, pp 803–806
- Lucas R (1980) Two illustrations of the quantity theory of money. Am Econ Rev 70(5):1005–1014
Cited by
Money growth and inflation in the Euro Area, UK, and USA: measurement issues and recent results
Ireland, P. N. (2024) · Macroeconomic Dynamics · doi:10.1017/s1365100524000282 · Cited by 14
Oyadeyi, O. O. (2024) · Journal of the Knowledge Economy · doi:10.1007/s13132-024-02201-7 · Cited by 13
“The consensus in the literature is that incorporating structural breaks in modeling money demand is methodologically imperative (Castañeda & Cendejas, 2023; Mele & Stefanski, 2019; Omotor, 2011; Doguwa et al., 2014; Sanusi & Meyer, 2018; Oyadeyi, 2022b; Oyadeyi, 2023d).”
Reasons for accelerating inflation in the Russian economy
Drobyshevsky, S. M., Perevyshin, Y., Sinelnikov-Murylev, S., & Trunin, P. V. (2025) · Voprosy Ekonomiki · doi:10.32609/0042-8736-2025-1-5-31 · Cited by 12
The devolution of federal reserve monetary policy strategy, 2012–24
Ireland, P. N. (2024) · Southern Economic Journal · doi:10.1002/soej.12730 · Cited by 7
Castañeda, J. E., Damrich, S., & Schwartz, P. (2024) · Economies · doi:10.3390/economies12100257 · Cited by 5
Self-citationSingh, S., Rajput, A., Gopalkrishnan, S., & Gandhi, A. V. (2026) · Journal of Innovation and Entrepreneurship · doi:10.1186/s13731-026-00628-7 · Cited by 1
Using the balance sheet framework for monetary analysis: The case of China
Li, W. (2024) · Economic Affairs · doi:10.1111/ecaf.12669
Log-Ergodic Dynamics in Stochastic Monetary Velocity: Theoretical Insights and Economic Implications
Firouzi, K., & Mamaghani, M. J. (2025) · Computational Economics · doi:10.1007/s10614-025-10904-5
Output and Money Growth in the Euro Area
Arnold, I. J. M. (2025) · Open Economies Review · doi:10.1007/s11079-025-09825-5
From the quantity theory of money to modern monetary policy
Heri, E. W. (2026) · Financial markets and portfolio management · doi:10.1007/s11408-026-00496-x
Money and Nominal GDP:Long Run (1998-2023) Evidencefrom the Seven European Non-Eurozone EconomiesPreprint
Naveriani, L., Křížek, D., Severová, L., & Wawrosz, P. (2026) · SSRN Electronic Journal · doi:10.2139/ssrn.7484214
Central bank independence with procedural accountability
Castañeda, J. E., & Romero, P. (2026) · Economic Affairs · doi:10.1111/ecaf.70056
Self-citation
Metadata
- Authors
- Castañeda, J. E., & Cendejas, J. L.
- Affiliations
- University of Buckingham (GB)
- Corresponding author
- Castañeda, Juan E.
- Venue
- Open Economies Review
- Published
- 2023-11-11
- Volume
- 35
- Issue
- 5
- Pages
- 999-1014
- ISSN
- 0923-7992 (ISSN-L)
- 1573-708X
- OpenAlex
- W4388595815
- Cited by
- 12
- References
- 22
- Citations by year
- 2026: 4 · 2025: 3 · 2024: 5
- FWCI
- 4.76
- Type
- journal article
- Language
- en
- Open access
- closed
- Licence
- www.springernature.com/gp/researchers/text-and-data-mining (tdm)
- www.springernature.com/gp/researchers/text-and-data-mining (vor)
- Locations
- Open Economies Review (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- Universidad Francisco de Vitoria
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- velocity of money, money growth, inflation, monetary equilibrium, regime switching, long-run inflation, 2008 financial crisis
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
