Monetary Inflation Mechanism. An Empirical View
Liviu Andrei () and
Dalina Andrei ()
No 1, Working papers Globalization - Economic, Social and Moral Implications, April 2017 from Research Association for Interdisciplinary Studies
We prefer to reconsider once again our larger paper published earlier, as we did it already for at least three of its revealed correlations: between nominal GDP and both monetary reserves and money supply (Andrei & Andrei 2014a, b) and between money multiplier and velocity (Andrei 2014), this time for something within our database (i.e. the Federal Reserves of Saint Lois State/FRED) that regards the inflation rate from nearby. Following our basic paper referenceâ€™s basics, inflation might be proper to both representative and fiat monies, but more deeply to the latter, although both monies again keep either the money supply and reserves as components. On the other hand, the same inflation is a so reach topic for theorists of all groups of thinking, e.g. there are some that identify it out of just money origins. This paper below tries to explain a monetary inflation mechanism in normal (out of crisis) environment.
Keywords: inflation (rate); (required & excess) monetary reserves; Fed; cointegration; fiat money; money supply (search for similar items in EconPapers)
JEL-codes: B1 C5 E5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-mon
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Published in Conference proceedings Globalization - Economic, Social and Moral Implications, April 2017, pages 1-7
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