Inflation Is Still A Monetary Phenomenon: A Wavelet Analysis of Inflation, Oil Prices and Money Supply

被引：0
|
作者：
El-Gamal, Mahmoud [1 ]
机构：
[1] Rice Univ, Dept Econ, MS 22,6100 Main St, Houston, TX 77005 USA
来源：
APPLIED ECONOMICS LETTERS | 2024年 / 31卷 / 02期
关键词：
Inflation; oil price shocks; wavelet analysis; MACROECONOMY;
D O I：
10.1080/13504851.2022.2129040
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
I revisit the old debate on the role of 'oil price shocks' in stoking inflation using wavelet coherency of oil and overall price inflation as well as partial coherency of the same given changes in real money supply. While exogenous shocks can influence the nature of short-term inflation fluctuations, I find support for inflation in early 2022 being a lagged demand-driven response to massive monetary growth in 2020.
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页码：164 / 169
页数：6
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