The World Bank (www.worldbank.org) has
data on money growth rates for different countries.
These data are listed under “Money and
Quasi-Money” growth, which is roughly the
same as M2 in the United States. Choose 10
countries to analyze.
a. Which countries have the most rapid rates
of money growth? The slowest?
b. Compare the data on rate of money growth
with the growth rate of consumer prices.
Are the data consistent or inconsistent with
the quantity theory?