Are Money Growth and Inflation Related?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86087808" target="_blank" >RIV/61989100:27510/13:86087808 - 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
Are Money Growth and Inflation Related?
Original language description
In recent years, some countries have increased the amount of money to support their economies in the current crisis. According to the quantity theory of money an increase in money growth causes inflation in the long run. In this study we tested the long-run relationship between average money growth and average rate of inflation on the sample of countries in four five-year periods from 1993 to 2012. We used the graphical analysis and correlation. The correlation between money growth and inflation is strong or very strong across all time frames except the period of 2008-2012, the period of financial crises. For this period we found strong relationship between money growth and growth of real GDP. The paper?s outline is as follows. In Section 1, we begin with some reflections on the body of thought known as the quantity theory of money. Section 2 is concerned with empirical regularities relating to money growth and inflation.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Financial Management of Firms and Financial Institutions : 9th international scientific conference : 9th - 10th September 2013, Ostrava, Czech Republic : proceedings. [Part 1-3]
ISBN
978-80-248-3172-5
ISSN
2336-162X
e-ISSN
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Number of pages
10
Pages from-to
827-836
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 9, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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