"theory" can be expected to emerge. A critical examination of the Quantity Theory, both as a theory and as a testable …

produce the quantity theory of money and the fiscal theory of the price level …

This paper aims at suggesting a new interpretation of Edwin Walter Kemmerer's quantity theory of money as it appears in … investigated. Firstly, I explain Kemmerer's quantity theory by means of his exchange equation and how his interpretation may have … influenced Fisher's economic theory. Secondly, I consider his test of the quantity theory on the US economy and I show the …

This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for …

aggregates at all. We begin by considering the body of thought known as the “quantity theory of money.” The quantity theory … the nominal money stock. The nominal homogeneity conditions that deliver the quantity-theory result are the same as those … that deliver monetary neutrality, an important principle behind policy formulation. The quantity theory implies a ceteris …