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Money and inflation in the time of the pandemic
There are formulas that everyone has heard of without always understanding what they describe. The classic reference in this domain is Einstein's theory of relativity E = mc2. In monetary theory, we can cite MV = PQ. From this equation of exchange, what is generally retained is that inflation is exclusively a monetary phenomenon. This can even equate to a point of dogma for some, who are quick to ignore the underlying assumptions. The surge in the money supply (M) at the time of ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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