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1 INTRODUCTION Money has typically played a minor role in the literature on monetary policy over the last thirty years. However, the recent surge in inflation – preceded by non-standard monetary policy measures which have increased the size of central banks' balance sheets and money supply – has revived the debate regarding the role of money growth for inflation. For example, Borio, Hofmann, et al.
A Note of Caution on the Relation Between Money Growth and Inflation Author/Editor: Helge Berger ; Sune Karlsson ; Pär Österholm Publication Date: June 30, 2023 Electronic Access: Free Download. Use the free Adobe Acrobat Reader to view this PDF file Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate.
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