宏观经济学第4章 货币与通货膨胀.pptVIP

This slide dims the inflation data so that students can focus on the behavior of the trend inflation rate. This chart shows that the long-run trend in inflation is highly correlated with the long-run trend in the M2 growth rate. (The inflation rate series turns from red to very light gray to make the graph appear slightly less cluttered and to make it easier to see the relationship between the trends of money growth and inflation.) This chart shows that the long-run trend in inflation is highly correlated with the long-run trend in the M2 growth rate. (The inflation rate series turns f