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
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Objekttyp
- Arbeitspapier
Beteiligte
- Dwyer, Gerald P.
- Fisher, Mark
- Federal Reserve Bank of Atlanta
Entstanden
- 2009