Blog
Inflation forecasts based on money growth proved accurate in 2021, though generally unreliable
Abstract: As money demand changes, and in particular as money velocity fluctuates with interest rates, this relationship can become unstable with money growth providing limited useful information for inflation forecasting.
Access Documents
File(s):
File format is text/html
https://www.dallasfed.org/research/economics/2024/0220
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-02-20