Whether you’re a monetarist or not, it’s hard to ignore that the surge and plunge in the money supply preceded the surge and plunge in inflation. An imminent rebound in the money supply supports the idea that the economic recovery is underway, but this doesn’t seem to be consistent with a rebound in inflation.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services