Are Money Growth and Inflation Related?

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Are Money Growth and Inflation Related?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Are Money Growth and Inflation Related?

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

10

Strana od-do

827-836

Název nakladatele

VŠB-Technical University of Ostrava

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

9. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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