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Another Monetary Inflation Coordinate. Studies on the US Federal Reserves' Monetary Base

Author

Listed:
  • Liviu ANDREI

    (National University of Political Sciences and Public Administration’ in Bucharest, Faculty of Public Administration)

  • Dalina-Maria ANDREI

    (Institute for Economic Forecasting-NIER, Romanian Academy)

Abstract

Be it ‘excess reserves’ that deposit money part of all entities at the central bank not used to satisfy statutory reserve requirements, plus all disposable cash held by the same institutions and not used to satisfy statutory reserve requirements either. Would this be rather common place, influenced or not by inflation, or, on the contrary, as significant as influencing and well correlating with inflation rate? Or, this might be equally viewed in the mirror, i.e. once, under representative money-gold standard, no excess reserves, inflation going down to zero. We could see more than expectable about so far in this paper, here including some long term causalities between these two, as monetary variables.

Suggested Citation

  • Liviu ANDREI & Dalina-Maria ANDREI, 2015. "Another Monetary Inflation Coordinate. Studies on the US Federal Reserves' Monetary Base," Eco-Economics Review, Ecological University of Bucharest, Economics Faculty and Ecology and Environmental Protection Faculty, vol. 1(1), pages 33-43, June.
    • Handle: RePEc:eub:ecoecr:v:1:y:2015:i:1:p:33-43
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    References listed on IDEAS

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    More about this item

    Keywords

    inflation rate; excess monetary reserves; fiat and representative money; central bank;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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