Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained …

Empirical evidence concerning the link between monetary aggregates and inflation or GDP growth has been underemphasized … determinants of inflation and GDP growth. In addition, the best composite aggregates produce switch dates that overlap with known …

Anecdotal evidence shows that monetary expansion (excess liquidity) induces inflation in the West African Monetary Zone … (Zone). Uncertainty about the nature of inflation persistence often undermines regional convergence due to the asymmetric … supply growth and inflation in the WAMZ countries, using panel data methodology for the period 2000-2015. The empirical …

This paper investigates the impact of the money supply in different states of inflation and economic growth in South … different states of inflation and economic growth. Moreover, the use of shock accounts for time-varying elasticity. It is found …, the money supply was insignificant. The money supply had a negative and a positive impact on inflation in states 1 and 2 …