EPISODE · Apr 28, 2023 · 22 MIN
Money Growth and Its Implications for Output and Inflation
from The Week That Was in Europe · host Klaus Adam & Dirk Schumacher
We discuss what one can learn from the ongoing contraction in Euro Area money growth for output growth and inflation going forward. We discuss the various interpretations of the quantity theory of money and then analyze to what extent the resulting implications are born out by the data.
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Money Growth and Its Implications for Output and Inflation
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