Abstract

http://ssrn.com/abstract=1480896
 
 

Footnotes (12)



 


 



Inflation and Monetary Regimes


Gerald P. Dwyer


Clemson University; University of Carlos III; Australian National University (ANU) - Centre for Applied Macroeconomic Analysis (CAMA)

Mark Fisher


Federal Reserve Banks - Federal Reserve Bank of Atlanta

September 1, 2009

Federal Reserve Bank of Atlanta Working Paper Series No. 2009-26

Abstract:     
Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together and explains them. We present evidence that averaging increases the correlation of inflation and money growth more when the underlying inflation rate has higher serial correlation.

Number of Pages in PDF File: 43

Keywords: money and inflation, inflation, quantity theory

JEL Classification: E31, E5

working papers series


Download This Paper

Date posted: October 1, 2009  

Suggested Citation

Dwyer, Gerald P. and Fisher, Mark, Inflation and Monetary Regimes (September 1, 2009). Federal Reserve Bank of Atlanta Working Paper Series No. 2009-26. Available at SSRN: http://ssrn.com/abstract=1480896 or http://dx.doi.org/10.2139/ssrn.1480896

Contact Information

Gerald P. Dwyer (Contact Author)
Clemson University ( email )
Clemson, SC 29634
United States
University of Carlos III ( email )
Calle Madrid 126
Getafe, Madrid, Madrid 28903
Spain
Australian National University (ANU) - Centre for Applied Macroeconomic Analysis (CAMA) ( email )
ANU College of Business and Economics
Canberra, Australian Capital Territory 0200
Australia
Mark Emery Fisher
Federal Reserve Banks - Federal Reserve Bank of Atlanta ( email )
1000 Peachtree Street N.E.
Research Department
Atlanta, GA 30309-4470
United States
404-521-8757 (Phone)
404-521-8810 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 469
Downloads: 90
Download Rank: 166,725
Footnotes:  12

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.328 seconds