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Inflation: Too much money or too much credit?

Matthews, Kent Gerard Patrick and Ioannidis, C. 1997. Inflation: Too much money or too much credit? Manchester School of Economic and Social Studies 65 (4) , pp. 411-426. 10.1111/1467-9957.00072

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This paper presents a vector autoregression type model of inflation, output growth, money and credit. We find that monetary shocks affect the mean of inflation but that credit shocks influence the time variance of inflation.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Publisher: Wiley-Blackwell
ISSN: 0025-2034
Last Modified: 04 Jun 2017 05:12

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