Suppressed Inflation and Money Demand in Zimbabwe

Suppressed Inflation and Money Demand in Zimbabwe
The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in the past. Possible explanations for the... READ MORE...

Publication date: January 2006
ISBN 9781451862751
$15.00

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