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
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Quantitätstheorie \| Inflation \| Prognoseverfahren \| quantity theory of money

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Series:	CESifo Working Paper ; 2995
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	622959018 [GVK] hdl:10419/39040 [Handle]
Classification:	B22 - Macroeconomics ; E31 - Price Level; Inflation; Deflation ; E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	EconStor

Persistent link: https://www.econbiz.de/10010276869