Professor Tim Congdon, the founder of the Institute of International Monetary Research, discusses the link between money and national income, and explains the website.
Monetary Policy Committee meeting, Bank of England 6/5/2021 A more upbeat note from the Bank of England, but inflation risk understated. View PDF version for download or print The Bank of England’s Monetary Policy Committee voted unanimously to keep interest rates at 0.1%, but there was one dissenting voice in the vote to continue with … Continue reading Monetary Policy Committee meeting, Bank of England 6/5/2021
Monetary Policy Committee meeting, Bank of England 18/3/2021 A more upbeat note from the Bank of England, but inflation risk understated. View PDF version for download or print The Bank of England’s Monetary Policy Committee voted unanimously at its meeting on 18th March to continue with its ultra-loose monetary policy. No new initiatives were announced … Continue reading Monetary Policy Committee meeting, Bank of England 18/3/2021
Governing Council Meeting, European Central Bank 11/3/2021 ECB to increase its asset purchases View PDF version for download or print On 11th March, the European Central Bank announced that it would continue with the €1,850b. Pandemic Emergency Purchase Programme (PEPP) until at least the end of March 2022, or until it judges that the coronavirus … Continue reading March 11th 2021 ECB to increase its asset purchases
The chart above shows the average annual % change in quantity of money, broadly-defined, and nominal national income in the various countries, 1981-2018.
The purpose of the Institute of International Monetary Research is to demonstrate and bring to public attention the strong relationship between the quantity of money on the one hand, and the levels of national income and expenditure on the other.
We publish a brief analysis on the relation between changes in the amount of money and in nominal income (or nominal GDP) in 17 economies world-wide.