Showing 1 - 10 of 11,145
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
stable coinage with respect to weight and fineness, and no long-term inflation; 2) short-term disturbances in the velocity of … ; debasement ; monetary tax ; monetization ; inflation ; monetary system …
Persistent link: https://www.econbiz.de/10009702273
facts: (i) the long-run link between money growth and inflation and (ii) the link between credit growth and financial crises …. The analysis reveals that the former has weakened over time, while the latter has become stronger. Moreover, the money-inflation … two monetary facts. The money-inflation link is weaker in regimes characterised by low inflation and highly liberalised …
Persistent link: https://www.econbiz.de/10012989876
Since the latter half of 2010, a new round of inflation has gradually been manifesting in China. The debate regarding … whether excess money supply is responsible for this inflation has attracted scholars to investigate the effects of money … growth on inflation. In this paper, we use correlation analysis to confirm the comovement between growth of monetary …
Persistent link: https://www.econbiz.de/10014175185
facto central bank independence. -- Central bank research ; Fiscal policy ; Inflation: costs and benefits …
Persistent link: https://www.econbiz.de/10003484267
The paper presents a financial approach to monetary analysis that links the credit and state theories of money. A premise of the functional approach to money is that “money is what money does.” In this approach, monetary and mercantile mechanics are conflated, which leads to the conclusion...
Persistent link: https://www.econbiz.de/10012956263
This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...
Persistent link: https://www.econbiz.de/10012892419
Modern Monetary Theory (MMT) has recently received significant at- tention in academic and policy circles. Critics question the sustainability of MMT-prescribed approaches to fiscal and monetary policy, especially over extended periods of time, in the presence of international financial markets,...
Persistent link: https://www.econbiz.de/10012819441
relationship of various measures of money and inflation. After demonstrating that previous naïve correlations between money and … inflation as established in the 20th century literature have largely disappeared, we explain why this cannot be taken as support …
Persistent link: https://www.econbiz.de/10013243075
dynamic stochastic general equilibrium framework, we examine the effects of alternative monetary policy rules on inflation … persistence, the information content of monetary data, and real variables. We show that inflation persistence and the variability … of inflation relative to money growth depends on whether the central bank follows a money growth rule or an interest rate …
Persistent link: https://www.econbiz.de/10014063582