Inflation and Money Growth - PowerPoint PPT Presentation
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Title:
Inflation and Money Growth
Description:
Inflation and Money Growth. Cagan's Money Demand (1) (2) (3) (4) /1. Detour : /2 (5) /3 (6) (7) /4 (8) (9) (10) /5. Constant money. growth (11) Fixed money ... – PowerPoint PPT presentation
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Title: Inflation and Money Growth
1
Inflation and Money Growth
- Cagans Money Demand
2
/1
(1)
(2)
(3)
(4)
3
/2
Detour
4
/3
(5)
5
/4
(6)
(7)
6
/5
(8)
(9)
(10)
7
/6
Constant money growth
(11)
Fixed money supply
8
/7
anticipated rise in money supply at T
9
/8
t
0
T
