Before 1990s, the relationship between money supply and inflation was positively correlated, however, from 1990 onwards, the US and other major developed countries entered into a new financial era with a typical belief that hyper money supply coexisted with lower inflation. This phenomenon is called “the paradox of inflation”. Traditional theories cannot provide reasonable explanations of this new phenomenon.
Download count: 0
- Partial requirement for: Ph.D., Arizona State University, 2015Note typethesis
- Includes bibliographical;iographical references (pages 34-37)Note typebibliography
- Field of study: Business administration