Money growth and inflation: how long is the long run?
Опубликовано на портале: 04-12-2002
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?
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