Money growth and inflation: A regime switching approach
نویسندگان
چکیده
منابع مشابه
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 ...
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G E R A L D P . D W Y E R J R . A N D R . W . H A F E R Dwyer is vice president in charge of the financial section of the Atlanta Fed’s research department. Hafer is an Atlanta Fed visiting scholar and a professor of economics at Southern Illinois University-Edwardsville. They thank Lucy Ackert, Mark Fisher, Larry Wall, Warren Weber, and David C. Wheelock for comments and Shalini Patel for rese...
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and quantity indexes are calculated separately for components of GDP and therefore the difference between nominal GDP and real GDP growth is only approximately equal to the change in the GDP price index. With fixed-weights, the GDP deflator is defined as the ratio of nominal to real GDP and hence the gap between nominal and real GDP growth rates is precisely equal to the growth rate in the GDP ...
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ژورنال
عنوان ژورنال: Journal of International Money and Finance
سال: 2013
ISSN: 0261-5606
DOI: 10.1016/j.jimonfin.2012.09.006