Money Growth and the Post-Pandemic Surge in Inflation (notice n° 468980)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01594cam a2200181 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121053741.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Borio, Claudio |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Money Growth and the Post-Pandemic Surge in Inflation |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2024.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 60 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The strength of the link between money growth and inflation depends on the inflation regime: it is one-to-one when inflation is high and virtually non-existent when it is low. A link was also clearly visible in the risk of moving from a low to a high-inflation regime in the aftermath of the pandemic. A surge in money growth preceded the inflation flare-up in 2021-2022, as countries with stronger money growth saw markedly higher inflation. Moreover, keeping an eye on money growth would have helped to improve inflation forecasts. The disinflation that began in most countries in mid-2022 was also preceded by a marked decline in money growth. However, over this second sub-period, the cross-country link between money growth and inflation is visible only if countries with very high inflation rates are included in the sample. All this indicates that money growth does convey information about inflation, but that it cannot be easily used in a reliable way. JEL classification: E31, E51, E58. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Hofmann, Boris |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Zakrajšek, Egon |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie financière | o 153 | 1 | 2024-05-02 | p. 179-191 | 0987-3368 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-financiere-2024-1-page-179?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-financiere-2024-1-page-179?lang=en&redirect-ssocas=7080</a> |
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