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Is Inflation Always and Everywhere a Monetary Phenomenon?

Using a sample of about 160 countries over the last 30 years, we test for the quantity theory relationship between money and inflation. When analysing the full sample of countries, we find a strong positive relation between long-run inflation and the money growth rate. The relation is not... Full description

1st Person: De Grauwe, Paul
Additional Persons: Polan, Magdalena verfasserin
Source: in The Scandinavian journal of economics Vol. 107, No. 2 (2005), p. 239-259
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Type of Publication: Article
Language: English
Published: 2005
Keywords: research-article
Inflation
Money
Quantity theory of money
E40
E50
Online: Volltext
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