numbers to characterise the correlation between money growth and inflation. Acceptance of the Quantity Theory has been greatly … inflation, but the correlation is not the proportional one predicted by the Quantity Theory - either for the full sample or any …

This article investigates the post-1990 link between broad money growth and inflation in 16 full-fledged inflation …-targeting regimes and four benchmark non-inflation-targeting regimes. This study employs the Christiano-Fitzgerald band-pass filter and …-pass filtering techniques, the link between money growth and inflation was weak and statistically nonsignificant over the …

Several explanations have been put forward for the observation that massive inflation has not appeared as a result of … put forward for this observation, but none of them can explain the huge gap between monetary inflation and price inflation …. The alternative explanation presented in this paper is that monetary inflation is more reflected in stock prices than the …

"explains", to some extent, inflation. Modern macroeconomic theory, however, considers inflation targeting central banks which ….e. credit creation. A simple NKM model with fiat money demonstrates that money growth is tied to inflation, changes of output … and interest rate changes. The latter are determined by inflation and output gap if we consider an inflation …

revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …

longer-run inflation developments in the euro area. Employing an eclectic approach we consider various relevant theories …-frequency variations of inflation. Money growth is found to be causal for inflation only if other variables are omitted, which we therefore … führt auf die Arbeitslosenrate und die langfristigen Zinsen als kausal für die niederfrequenten Variationen der Inflation …

. Evidence shows a high correlation between money growth and general price inflation for Japan from 1980 to 2022, supporting the … view that inflation is a monetary phenomenon. The paper argues that Japan’s inflation has remained low since the 1990s …