Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format

Satrugan Sinah

International Journal of Economics and Finance, 2018, vol. 10, issue 1, 213-219

Abstract: This study is based on data obtained from the new standardised reporting format introduced by International Monetary Fund. The empirical estimation of relationship between money supply and inflation leads to development of a model, which can be used by policy makers while formulating monetary policy. This model is based on new standardised reporting format, which has a broader approach in terms of capturing monetary aggregates in a country. Thus, as opposed to findings of many earlier studies, which used non-standardised data, this paper shows that an increase in money supply leads to an increase in consumer price index.

Keywords: money supply; inflation; SRF; broad money; domestic credit (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:10:y:2018:i:1:p:213-219

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