Arbeitspapier

Inflation and monetary regimes

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 more when the underlying inflation rate has higher serial correlation.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2009-26

Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Thema
money and inflation
inflation
quantity theory
Inflation
Geldmengensteuerung
Quantitätstheorie
Theorie
Schätzung
Welt

Ereignis
Geistige Schöpfung
(wer)
Dwyer, Gerald P.
Fisher, Mark
Ereignis
Veröffentlichung
(wer)
Federal Reserve Bank of Atlanta
(wo)
Atlanta, GA
(wann)
2009

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Dwyer, Gerald P.
  • Fisher, Mark
  • Federal Reserve Bank of Atlanta

Entstanden

  • 2009

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