Quantitative easing; Financial crises; Monetary aggregates; Inflation

Financial Crises, Money and Inflation

JEL codes: 
E41, E52, E58
Version Date: 
May 2012

Financial crises have been followed by different inflation paths which are
related to monetary aggregate developments during those crises. This paper
characterizes the empirical relationship between money and inflation, accounting
for monetary policy and financial sector transmission as well as equilibrium

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