Avdiu, Kujtim; Unger, Stephan - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-14
reasons, i.e., that no precise statements about causality or dynamics between money growth and inflation can be inferred from … performance of a ceteris paribus analysis for various levels of quantity and velocity of money, as well as GDP. By testing the … of this paper suggest that the level of productivity is the main driver of inflation. The quantity and velocity of money …