Oferta monetária e inflação

Richard Vague: "Monetarist theory, which came to dominate economic thinking in the 1980s and the decades that followed, holds that rapid money supply growth is the cause of inflation. The theory, however, fails an actual test of the available evidence. In our review of 47 countries, generally from 1960 forward, we found that more often than not high inflation does not follow rapid money supply growth, and in contrast to this, high inflation has occurred frequently when it has not been preceded by rapid money supply growth."

http://evonomics.com/moneysupply/

Rapid Money Supply Growth Does Not Cause Inflation - Evonomics

Neither do rapid growth in government debt, declining interest rates, or rapid Increases in a central bank’s balance sheet

evonomics.com