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|
in The Scandinavian journal of economics Vol. 107, No. 2 (2005), p. 239-259
|Type of Publication:||Article|
Quantity theory of money