Year: 1995
Author: Wesche, Katrin, Wierum, Susanne
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 2 : pp. 216–220
Abstract
This comment refers toa paper by Gersbach (1993) on the relationship between money growth and inflation. Contrary to Gersbach’s result it is shown that fully anticipated accelerating money growth leads to accelerating inflation. Starting from a money demand function of the Cagan-type, the forward looking rational expectations solution is derived and the relation between money growth and inflation is established.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.28.2.216
Credit and Capital Markets – Kredit und Kapital, Vol. 28 (1995), Iss. 2 : pp. 216–220
Published online: 1995-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 5
Author Details
-
Gersbach, Hans, 1993: “Inflation Rates and Money Growth During High-Inflations”, Kredit und Kapital, Vol. 26, No. 2, 230 - 237.
Google Scholar