Inflation: Too Much Money or Too Much Credit?
This paper presents a VAR type model of inflation, output growth, money, and credit. It finds that monetary shocks affect the mean of inflation but that credit shocks influence the time variance of inflation. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester
Year of publication: |
1997
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Authors: | Matthews, Kent ; Ioannidis, Christos |
Published in: |
The Manchester School of Economic & Social Studies. - School of Economics. - Vol. 65.1997, 4, p. 411-26
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Publisher: |
School of Economics |
Saved in:
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