Long-Run Evidence on Money Growth and Inflation

We investigate the correlation between inflation and the rates of growth of narrow and broad money in the United Kingdom since the 19th century. Empirical evidence points towards a remarkable stability across monetary regimes in the correlation for longer-run trends in the data, but some instability in the short to medium term. Additional evidence from the United States confirms the overall stability of the correlation for the longer-run trends

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Year of publication:	2005
Authors:	Benati, Luca
Publisher:	[S.l.] : SSRN
Subject:	Geschichte \| History \| Inflation \| Geldmenge \| Money supply \| Großbritannien \| United Kingdom

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Bank of England Quarterly Bulletin, Autumn 2005
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014062125