Money growth and inflation: Policy lessons from a comparison of the US since 2008 with hyperinflation Germany in the 1920s
Sign Up to like & getrecommendations! Published in 2017 at "Economics Letters"
DOI: 10.1016/j.econlet.2017.02.036
Abstract: The quantity theory of money implies that sustained inflation requires a sustained increase in the money supply. It does not, however, imply that all increases in the money supply are inflationary. This letter explores and… read more here.
Keywords: hyperinflation; expansion; money; money growth ... See more keywords
Global liquidity, money growth and UK inflation
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DOI: 10.1016/j.jfs.2019.05.012
Abstract: This paper uses tools from the classical theory of inflation for UK Consumer Price Inflation from 1970Q1 to 2017Q4. In particular, we adopt augmented Phillips curve type equations within a linear and regime-switching framework where… read more here.
Keywords: money growth; growth inflation; inflation; liquidity money ... See more keywords