Does money growth help to explain the post-pandemic surge in inflation? Monetary aggregates have gradually lost relevance since the heyday of monetary targeting in the 1970s and 1980s as their link with inflation has weakened considerably. Consequently, they have largely disappeared from academic analysis (Laidler (2002)), as well as from monetary policy design and implementation. More recently, however, they have enjoyed a certain revival, as the surprising resurgence of inflation has gone hand in hand with increases in the money stock in a number of jurisdictions prominent in economic debates (Congdon (2022), ... (full story)