The Quantity Theory of Money: An Assessment of its Real Linchpin Prediction

This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not limited to periods of high inflation.

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Year of publication:	2010
Authors:	Hillinger, Claude ; Süßmuth, Bernd
Institutions:	CESifo
Subject:	quantity theory of money

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2995
Classification:	B22 - Macroeconomics ; E31 - Price Level; Inflation; Deflation ; E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008534035