Does Growth in the Money Supply Predict U.S. Inflation? Yes, but …

Lillian Fu and Michael McCracken

On the Economy from Federal Reserve Bank of St. Louis

Abstract: While money growth seems to be a poor everyday predictor of inflation, it does provide a useful signal when the money growth rate moves far outside its historical range.

Keywords: inflation; money growth (search for similar items in EconPapers)
Date: 2026-11-02
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:103998

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