Historical U.S. Money Growth, Inflation, and Inflation Credibility

Investigating the Relationship between Money Growth and Inflation in Turkey: A Nonlinear Causality Approach

Theories on the relationship between money and inflation had largely been shaped around the positive relationship and money causality for inflation before the Post-Keynesians. Since the 1980s, this idea emerged that there might be no correlation between money growth and inflation. In the case of existence, the causality is reversed, so money is endogenous somehow. However, practically there is ...

Inflation Determinants in Low and High Frequencies: An Implication of Spectral Analysis to Iran

There is no evidence that previous studies, available to Iran’s inflation literature, have used spectral methodology to analyze a possible relationship between inflation and its main determinants within a specific period. Accordingly, the present study investigates the effects of money growth, real output growth, output gap and interest rate changes on inflation at low and high frequencies...

Does U.S. Money Growth Determine Money Growth in Other Nations?

HE money-inflation relationship has been examined extensively for avariety of economies resulting in a consensus that money growth has had a significant and positive impact on inflation.’ A related, but little studied issue, is the relationship between money growth rates across countries. This issue is important for assessing the extent to which inflation pressures have been transmitted froni c...

Inflation and Money supply growth in Iran: Empirical Evidences from Cointegration and Causality

Shoe-Leather Costs of Inflation and Policy Credibility

Most people recognize that inflation is something to be avoided, but the popular public perception of inflation’s harmful effects can be rather vague. In responses to survey questions about inflation, for example, most people express concerns about prices rising (defining inflation itself) or that it somehow erodes standards of living.1 When economists discuss the costs of inflation, however, t...