Inflation and monetary regimes

被引：6

作者：

Dwyer, Gerald P. ^{[1
,2
]}

Fisher, Mark ^{[3
]}

机构：

[1] Fed Reserve Bank Atlanta, Ctr Financial Innovat & Stabil, Atlanta, GA 30309 USA

[2] Univ Carlos III Madrid, Dept Econ Empresa, Madrid 28903, Spain

[3] Fed Reserve Bank Atlanta, Res Dept, Atlanta, GA 30309 USA

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 2009年 / 28卷 / 07期

关键词：

Money and inflation; Inflation; Quantity theory; MONEY; OUTPUT;

D O I：

10.1016/j.jimonfin.2009.06.011

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods. Correlations of inflation with the growth of money also are higher when high inflation as well as low-inflation countries are included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together and explains them. We present evidence that averaging increases the correlation of inflation and money growth in more when the underlying inflation rate has higher serial correlation. (C) 2009 Elsevier Ltd. All rights reserved.

引用

页码：1221 / 1241

页数：21

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