Federal Reserve Bank of Cleveland
Опубликовано на портале: 04-12-2002
Terry J. Fitzgerald
Federal Reserve Bank of Cleveland.
1999.
In their efforts to maintain low inflation, policymakers pay little attention to
the growth rate of the money supply. Yet many studies have found that money growth
and inflation a closely related, at least in the long run. But how long must money
growth remain strong before it begins to concern policymakers? That is, what is the
shortest period over which money growth seems to be reliably associated with inflation?
Опубликовано на портале: 04-12-2002
Michael F. Bryan
Federal Reserve Bank of Cleveland.
1997.
A historical look at the origin and uses of the word inflation, arguing that although
the term has become nearly synonymous with "price increase," its original meaning--a
rise in the general price level caused by an imbalance between the quantity of money
and trade needs--is the definition driving many of those who advocate an anti-inflation
policy for the Federal Reserve.
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