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Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format

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  • Satrugan Sinah

Abstract

This study is based on data obtained from the new standardised reporting format introduced by International Monetary Fund. The empirical estimation of relationship between money supply and inflation leads to development of a model, which can be used by policy makers while formulating monetary policy. This model is based on new standardised reporting format, which has a broader approach in terms of capturing monetary aggregates in a country. Thus, as opposed to findings of many earlier studies, which used non-standardised data, this paper shows that an increase in money supply leads to an increase in consumer price index.

Suggested Citation

  • Satrugan Sinah, 2018. "Empirical Study of Relationship between Money Supply and Inflation Based on Data from New Standardised Reporting Format," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(1), pages 213-219, January.
    • Handle: RePEc:ibn:ijefaa:v:10:y:2018:i:1:p:213-219
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    References listed on IDEAS

    as
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    2. Satrugan Sinah, 2017. "Empirical Evidence On Dynamics Of Credit Growth And Foreign Reserve," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(3), pages 17-26.
    3. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
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    More about this item

    Keywords

    money supply; inflation; SRF; broad money; domestic credit;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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