Inflation: Too much money or too much credit?

Kent Matthews; Chris Ioannidis

doi:10.1111/1467-9957.00072

Inflation: Too much money or too much credit?

Research output: Journal Publication › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	411-426
Number of pages	16
Journal	Manchester School
Volume	65
Issue number	4
DOIs	https://doi.org/10.1111/1467-9957.00072
Publication status	Published - 1997
Externally published	Yes

ASJC Scopus subject areas

Economics and Econometrics

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10.1111/1467-9957.00072

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VL - 65

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Inflation: Too much money or too much credit?

Abstract

ASJC Scopus subject areas

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