000167899 001__ 167899 000167899 005__ 20260122111948.0 000167899 0247_ $$2doi$$a10.1016/j.bir.2025.10.024 000167899 0248_ $$2sideral$$a147594 000167899 037__ $$aART-2025-147594 000167899 041__ $$aeng 000167899 100__ $$0(orcid)0000-0002-8816-5816$$aPeña, Guillermo$$uUniversidad de Zaragoza 000167899 245__ $$aA financial anomaly 000167899 260__ $$c2025 000167899 5060_ $$aAccess copy available to the general public$$fUnrestricted 000167899 5203_ $$aA new measure denominated ‘Financial Anomaly Index’ (FAI) is proposed, showing the anomalies of recent past years in the financial sector mainly due to unconventional monetary policies. The present paper provides evidence that, when applying the proposed index, there is a negative association between FAI and inflation in the short run. The null hypothesis that no variable Granger-causes the other is rejected. Different techniques are used, including a recent panel data test. A robustness check using a System Generalized Method of Moments (GMM) is provided with a sample of 216 countries for 1960–2021 000167899 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S23-20R$$9info:eu-repo/grantAgreement/ES/DGA/S39-23R$$9info:eu-repo/grantAgreement/ES/MCIU/PID2024-157255NB-I00$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ2022-CSJ-19 000167899 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttps://creativecommons.org/licenses/by/4.0/deed.es 000167899 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000167899 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000167899 773__ $$g(2025), 100751 [28 pp.]$$tBorsa Istanbul Review$$x2214-8450 000167899 8564_ $$s13988957$$uhttps://zaguan.unizar.es/record/167899/files/texto_completo.pdf$$yVersión publicada 000167899 8564_ $$s2413380$$uhttps://zaguan.unizar.es/record/167899/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000167899 909CO $$ooai:zaguan.unizar.es:167899$$particulos$$pdriver 000167899 951__ $$a2026-01-22-10:27:03 000167899 980__ $$aARTICLE