Causes of Inflation

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F01%3A00000687" target="_blank" >RIV/61989100:27510/01:00000687 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Causes of Inflation

Original language description

The paper is concerned with causes of inflation. The literature provides two main motives as to why inflation strikes. On the one side are the monetarists, who argue that the basic cause of inflation is excessive monetary growth. Competing with the monetarist interpretation is the so-called cost-push view, which attributes inflation to a host of non-monetary supply-oriented influences, that raise costs and hence prices. There is a clear consensus about long-run causes of inflation. Empirical studies ofthe relationship between inflation and money growth find a close likn between the average growth rate of money and inflation. The short-run behaviour of inflation is only partly understood. Demand or price shocks are the dominant sources fo short-run movements in inflation. Particularly sharp increases in prices, such as OPEC shocks, are inflationary as the empirical studies show.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2001

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

ECON '01

ISSN

0862-7908

e-ISSN

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Volume of the periodical

8

Issue of the periodical within the volume

1

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

167-175

UT code for WoS article

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EID of the result in the Scopus database

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