Given the amount of money being printed the amount of Base Currency sitting as Reserves on bank balance sheets far exceeds currency in circulation when normally the reserves only slightly exceed currency in circulation in a fractional reserve system. How can one derive the cumulative inflation effect of these excess reserves via k assuming the economy being in equilibrium with the current amount of currency in circulation? These excess reserves are a liquidity trap waiting to happen in the form of massive inflation, if (post Covid supply chain problems Dir to shifting demand or reduced production capacities etc?) amd when they make their way into the economy. The k factor ought to be able to approximate what the cumulative inflation effect might be. How can that be calculated via the Cambridge k?