dc.contributor.author | Yin, Ya | |
dc.contributor.author | Thomas, David | |
dc.date.accessioned | 2011-08-15T09:01:04Z | |
dc.date.available | 2011-08-15T09:01:04Z | |
dc.date.issued | 2011 | |
dc.identifier.citation | Yin , Y & Thomas , D 2011 ' Inflation, expectations and growth in real money in the United States ' Business School Working Papers , University of Hertfordshire . | |
dc.identifier.other | ORCID: /0000-0002-1389-9065/work/125259409 | |
dc.identifier.uri | http://hdl.handle.net/2299/6167 | |
dc.description.abstract | This paper aims to explain the change in the rate of inflation within the United States economy by following a new Classical–Keynesian synthesis view and by incorporating private inflation expectations directly into the inflation determination process. A parsimonious unrestricted VAR approach is adopted to expose the long-run solution that is subsequently included in an error-correction model with the short-run dynamics. The empirical results reveal the full efficiency in private inflation expectations formation and support for the Classical Quantity Theory mechanism of inflation determination in the long run. | en |
dc.format.extent | 373933 | |
dc.language.iso | eng | |
dc.publisher | University of Hertfordshire | |
dc.relation.ispartofseries | Business School Working Papers | |
dc.title | Inflation, expectations and growth in real money in the United States | en |
dc.contributor.institution | Social Sciences, Arts & Humanities Research Institute | |
dc.contributor.institution | Department of Accounting, Finance and Economics | |
dc.contributor.institution | Finance and Accounting Research Unit | |
dc.contributor.institution | Centre for Research on Management, Economy and Society | |
rioxxterms.type | Working paper | |
herts.preservation.rarelyaccessed | true | |