The University of Dublin | Trinity College -- Ollscoil Átha Cliath | Coláiste na Tríonóide
Trinity's Access to Research Archive
Home :: Log In :: Submit :: Alerts ::

TARA >
Economic and Social Review >
Economic and Social Review Archive: Complete Collection 1969- >

Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/60367

Title: Inflation and money growth: evidence from a multi-country data-set
Author: Frain, John C.
Keywords: Inflation
Monetary theory
Quantitative economics
Issue Date: 2004
Publisher: Economic & Social Research Institute
Citation: Frain, John C. 'Inflation and money growth: evidence from a multi-country data-set'. - Economic & Social Review, Vol. 35, No. 3, Winter, 2004, pp. 251-266, Dublin: Economic & Social Research Institute
Abstract: Using a multi-country data set strong correlation are found between average growth rates of monetary aggregates and average inflation. The correlation remains strong when countries with higher average inflation rates are removed from the sample. These results confirm the strong correlation found in the traditional literature but contradict those in De Grauwe and Polan (2001) who, in a recent analysis, find that the strong link vanishes when higher inflation countries are excluded. Further analysis confirms the unit response and bears out the value of monetary aggregates as an input to the making of monetary policy.
Description: Paper read at The Eighteenth Annual Conference of the Irish Economic Association, Belfast 2004.
URI: http://hdl.handle.net/2262/60367
ISSN: 00129984
Appears in Collections:Economic and Social Review Archive: Complete Collection 1969-
The Economic and Social Review, Vol. 35, No. 3, Winter, 2004

Files in This Item:

File Description SizeFormat
Vol 35_3Frain.pdfPublished (publisher's copy) - Peer Reviewed105.42 kBAdobe PDFView/Open


This item is protected by original copyright


Please note: There is a known bug in some browsers that causes an error when a user tries to view large pdf file within the browser window. If you receive the message "The file is damaged and could not be repaired", please try one of the solutions linked below based on the browser you are using.

Items in TARA are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback