Is the quantity of money informative for future inflation? The Swiss case
Summary
Indicators based on money in the hands of the public have fallen somewhat out of fashion for monetary policy analysis. The reason is the instability of money demand that was observed in many advanced economies in the 1990s and 2000s. In this note, I show that a careful assessment of monetary developments can still be informative about potential medium-term inflationary pressures in Switzerland.
- Issue:
- 12
- Pages:
- 6
- Keywords:
- Money, Inflation, Monetary policy
- Year:
- 2025