Covid Monetary Expansion: Are Business Profits to be Blamed for the Inflation in 2022?

Assenmacher-Wesche, K., & Gerlach, S. (2007). Money at Low Frequencies. Journal of the European Economic Association, 5(2–3), 534–542. https://doi.org/10.1162/jeea.2007.5.2-3.534 Search in Google Scholar

Bordo, M. D. (1989). Equation of Exchange. In Money (pp. 151–156). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-19804-7_17 Search in Google Scholar

Carpenter, S., & Demiralp, S. (2012). Money, reserves, and the transmission of monetary policy: Does the money multiplier exist? Journal of Macroeconomics, 34(1), 59–75. https://doi.org/10.1016/j.jmacro.2011.09.009 Search in Google Scholar

Friedman, M. (1989). Quantity Theory of Money. In Money (pp. 1–40). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-19804-7_1 Search in Google Scholar

Hafer, R. W., & Wheelock, D. C. (2001). The Rise and Fall of a Policy Rule: Monetarism at the St. Louis Fed, 1968–1986. Review, 83(1). https://doi.org/10.20955/r.83.1-24 Search in Google Scholar

Lucas, Robert E. (1996). Nobel Lecture: Monetary Neutrality. Journal of Political Economy, 104(4), 661–682. https://doi.org/10.1086/262037 Search in Google Scholar

McLure, M. (2013). Reflections on the Quantity Theory. Revue Européenne Des Sciences Sociales, 51–2, 173–192. https://doi.org/10.4000/ress.2571 Search in Google Scholar

Sargent, T. J., & Surico, P. (2011). Two Illustrations of the Quantity Theory of Money: Breakdowns and Revivals. American Economic Review, 101(1), 109–128. https://doi.org/10.1257/aer.101.1.109 Search in Google Scholar

Scheuttinger, R. L., & Butler Eamonn F. (1979). Forty Centuries of Wage and Price Controls: How Not to Fight Inflation. Heritage Foundation. Search in Google Scholar

Seghezza, E., & Morelli, P. (2020). Why the money multiplier has remained persistently so low in the post-crisis United States? Economic Modelling, 92, 309–317. https://doi.org/10.1016/j.econmod.2020.01.010 Search in Google Scholar

Shoven, J. B., Bulow, J. I., Fellner, W. J., & Gramlich, E. M. (1975). Inflation Accounting and Nonfinancial Corporate Profits: Physical Assets. Brookings Papers on Economic Activity, 1975(3), 557. https://doi.org/10.2307/2534149 Search in Google Scholar

Spindt, P. A. (1985). Money Is What Money Does: Monetary Aggregation and the Equation of Exchange. Journal of Political Economy, 93(1), 175–204. https://doi.org/10.1086/261293 Search in Google Scholar

Teles, P., Uhlig, H., & Valle e Azevedo, J. (2016). Is Quantity Theory Still Alive? The Economic Journal, 126(591), 442–464. https://doi.org/10.1111/ecoj.12336 Search in Google Scholar

Terborgh, G. (1974). Inflation and Profits. Financial Analysts Journal, 30(3), 19–23. https://doi.org/10.2469/faj.v30.n3.19 Search in Google Scholar

Weber, W. E., & McCandless, Jr., G. T. (1995). Some Monetary Facts. Quarterly Review, 19(3). https://doi.org/10.21034/qr.1931 Search in Google Scholar