Excessive money growth linked to inflation spikes in industrialized economies.
The article looks at how fast money is growing and its effect on inflation in 15 developed countries. It shows that when money grows a lot and is linked to big increases in stock and house prices, along with easy credit, there's a higher chance of inflation going up in the next three years. But if money grows a lot without big credit increases or strong growth in other asset prices, it's less likely to cause inflation issues.