figures are incompatible with stable economic growth and low inflation over the medium and long term. In an MMT …-dominated world, the central bank’s only role would be to accommodate the financial needs of the Treasury, determined by the … higher nominal income and inflation. When the amount of money in the economy is too large for too long, there will inevitably …

In light of the pickup of inflation at the end of 2021 and monetary policy shifts by the world's major central banks …: Central Banks and the World Economy (Mervyn Allister King) -- Chapter 4. How Elastic Money Should Be: Flexible Monetary Policy …

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 …