investigates to what extent the quality of eligible collateral is able to explain inflation employing the first comprehensive … statistically significant correlation between QEC and average inflation is found. This result is robust to the use of control …

countries and we show that this index has the potential to affect monetary stability as measured by national inflation rates …. The existence of a correlation between inflation and the quality of eligible collateral would strongly support fundamental …

important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as …