MAKROEKONOMICKÝ DOPAD RŮSTU ŠIROKÝCH MĚNOVÝCH AGREGÁTŮ VE VYBRANÝCH ZEMÍCH V LETECH 1960 – 2007

• Authors: Jílek Josef

Title variants

EN

Macroeconomic impact of broad monetary aggregates growth in selected countries during 1960 – 2007

• Languages of publication: CS

Abstracts

EN

The impact of the broad monetary aggregates on the decrease of money velocity, inflation and real GDP in the USA (1960 – 2007), Eurozone (1991 – 2007), Japan (1960 – 2007), Great Britain (1987 – 2007) and the Czech Republic (1993 – 2007) has been analysed. In all countries the growth of the broad monetary aggregate resulted in higher inflation and higher real GDP in relation approximately 1 : 1. The broad money velocity has rapidly lowered in Eurozone, Japan, Great Britain and the Czech Republic. In the USA the broad money velocity lowered only slightly and the decrease was more volatile over time. Thus in countries with the exception of the USA there was strong negative correlation between (i) 1-year lagged monetary aggregates and (ii) consumer price index and real GDP.

Keywords

EN

MONEY; MONETARY AGGREGATES; QUANTITATIVE THEORY OF MONEY; INFLATION; GDP

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2015
• Volume: 63
• Issue: 1
• Pages: 3 – 18

Contributors

author

Jílek Josef

• ŠKODA AUTO VYSOKÁ ŠKOLA, Na Karmeli 1457, 293 01 Mladá Boleslav, Czech Republic