It takes the average reader and 18 minutes to read A Note of Caution on the Relation Between Money Growth and Inflation by Mr. Helge Berger
Assuming a reading speed of 250 words per minute. Learn more
We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid time-varying parameter Bayesian VAR models. Model selection based on marginal likelihoods suggests that the relation is statistically unstable across time in both regions. The effect of money growth on inflation weakened notably after the 1980s before strengthening after 2020. There is evidence that this time variation is related to the pace of price changes, as we find that the maximum impact of money growth on inflation is increasing in the trend level of inflation. These results caution against asserting a simple, time-invariant relationship when modeling the joint dynamics of monetary aggregates and consumer prices.
A Note of Caution on the Relation Between Money Growth and Inflation by Mr. Helge Berger is 18 pages long, and a total of 4,644 words.
This makes it 6% the length of the average book. It also has 6% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 25 minutes to read A Note of Caution on the Relation Between Money Growth and Inflation aloud.
A Note of Caution on the Relation Between Money Growth and Inflation is suitable for students ages 6 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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