The nonmonetary determinants of inflation : a panel data study /

The nonmonetary determinants of inflation : a panel data study /

Saved in:

Bibliographic Details
Author / Creator:	Cottarelli, Carlo, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, European I Department., 1998. ©1998
Description:	1 online resource (29 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/98/23 IMF working paper ; WP/98/23.
Subject:	Inflation (Finance) Budget deficits. Prices. Banks and banking, Central. Foreign exchange rates. Inflation, Economic Banks and banking, Central. Budget deficits. Foreign exchange rates. Inflation (Finance) Prices.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12503390

Hidden Bibliographic Details
Other authors / contributors:	Griffiths, Mark E. L., author. Moghadam, Reza, author. International Monetary Fund. European I Department, issuing body.
ISBN:	1281604844 9781281604842 9781451891874 1451891873 1462301649 9781462301645 1452785619 9781452785615 9786613785534 6613785539 9781451844016 1451844018
ISSN:	2227-8885
Notes:	"An earlier draft ... was presented at the conference on 'Monetary Policy, Price Stability and the Structure of Goods and Labor Markets' held in Perugia on June 27-28, 1997." "March 1998." Includes bibliographical references (pages 26-27). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2014. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2014 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Inflation is a monetary phenomenon: an increase in the money supply is regarded by most economists as a condition for inflation to persist in time. Thus, differences in inflation over time and across countries can be explained by differences in the growth rate of money. This, however, is not very interesting. The interesting question, from both an analytic and a normative standpoint, is: why do governments allow the money supply to expand and create inflation? Presumably governments inflate the economy in return for some perceived real benefits. And, even though money may be neutral in the long run, it may have powerful short run real effects. Thus, to understand why inflation differs across countries and over time, one must look at differences affecting the perceived benefits from inflation, as well as the perceived costs arising from disinflation.
Other form:	Print version: Cottarelli, Carlo. Nonmonetary determinants of inflation. [Washington, D.C.] : International Monetary Fund, European I Dept. 1998
Standard no.:	10.5089/9781451891874.001

Description
Summary:	Inflation is a monetary phenomenon: an increase in the money supply is regarded by most economists as a condition for inflation to persist in time. Thus, differences in inflation over time and across countries can be explained by differences in the growth rate of money. This, however, is not very interesting. The interesting question, from both an analytic and a normative standpoint, is: why do governments allow the money supply to expand and create inflation? Presumably governments inflate the economy in return for some perceived real benefits. And, even though money may be neutral in the long run, it may have powerful short run real effects. Thus, to understand why inflation differs across countries and over time, one must look at differences affecting the perceived benefits from inflation, as well as the perceived costs arising from disinflation.
Item Description:	"An earlier draft ... was presented at the conference on 'Monetary Policy, Price Stability and the Structure of Goods and Labor Markets' held in Perugia on June 27-28, 1997." "March 1998."
Physical Description:	1 online resource (29 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 26-27).
ISBN:	1281604844 9781281604842 9781451891874 1451891873 1462301649 9781462301645 1452785619 9781452785615 9786613785534 6613785539 9781451844016 1451844018
ISSN:	2227-8885 2227-8885 ;