Quantity Theory of Money

In this survey, we shall first present a formal statement of the quantity theory, then consider the Keynesian challenge to the quantity theory, recent developments, and some empirical evidence. We shall conclude with a discussion of policy implications, giving special attention to the likely implications of the worldwide fiat money standard that has prevailed since 1971.

[1]  N. Duck.  Money, output and prices: : An empirical study using long-term cross country data , 1988 .

[2]  M. Friedman,et al.  Monetary Statistics of the United States , 1971 .

[3]  Harold A Black.  The relative importance of determinants of the money supply: The British case , 1975 .

[4]  A. C. Pigou.  Prueba Editorial a DADUN 02/06/2017 , 1917 .

[5]  J. Tobin.  Friedman's Theoretical Framework , 1972, Journal of Political Economy.

[6]  Albert E. Burger.  The money supply process , 1972 .

[7]  Xii Volume.  Keynes, John Maynard: The General Theory of Employment, Interest, and Money , 2019, Die 100 wichtigsten Werke der Ökonomie.

[8]  Milton Friedman,et al.  The Lag in Effect of Monetary Policy , 1961, Journal of Political Economy.

[9]  Sir Albert Feavearyear.  The pound sterling : a history of English money , 1932 .

[10]  M. Friedman,et al.  A Program for Monetary Stability. , 1962 .

[11]  Edmund S. Phelps,et al.  Phillips Curves, Expectations of In#ation and Optimal Unem-ployment over Time , 1967 .

[12]  M. Friedman,et al.  A Monetary History of the United States , 1963 .

[13]  Earl J. Hamilton,et al.  American Treasure and the Price Revolution in Spain, 1501-1650. , 1934 .

[14]  W. Barnett,et al.  The New Divisia Monetary Aggregates , 1984 .

[15]  J. Muth.  Rational Expectations and the Theory of Price Movements , 1961 .

[16]  D. Robertson,et al.  The Behaviour of Money. , 1936 .

[17]  R. Mckinnon,et al.  An international standard for monetary stabilization , 1984 .

[18]  James Tobin,et al.  The Interest-Elasticity of Transactions Demand For Cash , 1956 .

[19]  R. Hall.  Monetary Trends in the United States and the United Kingdom: A Review from the Perspective of New Developments in Monetary Economics , 1982 .

[20]  A. C. Pigou.  Economic Progress in a Stable Environment , 1947 .

[21]  R. Gordon.  Price Inertia and Policy Ineffectiveness in the United States, 1890-1980 , 1981, Journal of Political Economy.

[22]  I. Fisher.  Appreciation and interest , 1896 .

[23]  J. W. Angell,et al.  The Behavior of Money. , 1937 .

[24]  James Tobin,et al.  MONEY, CAPITAL, AND OTHER STORES OF VALUE , 1989 .

[25]  C. Snyder.  On the Statistical Relation of Trade, Credit and Prices , 1934 .

[26]  Thomas J. Sargent,et al.  The ends of four big inflations , 1982 .

[27]  R. Gordon,et al.  Output Fluctuations and Gradual Price Adjustment , 1981 .

[28]  M. Friedman.  Nobel Lecture: Inflation and Unemployment , 1977, Journal of Political Economy.

[29]  R. Gordon.  A Consistent Characterization of a Near-Century of Price Behavior , 1980 .

[30]  William J. Baumol,et al.  The Transactions Demand for Cash: An Inventory Theoretic Approach , 1952 .

[31]  T. M. Humphrey.  On Nonneutral Relative Price Effects in Monetarist Thought: Some Austrian Misconceptions , 1984 .

[32]  F. Modigliani,et al.  The monetarist controversy; or, should we forsake stabilization policies? , 1977 .

[33]  D. Laidler.  The "Buffer Stock" Notion in Monetary Economics , 1984 .

[34]  C. Cipolla.  Money, Prices and Civilization in the Mediterranean World: Fifth to Seventeenth Century , 1967 .

[35]  Anna J. Schwartz,et al.  Has Government Any Role in Money , 1986 .

[36]  Michael D. Bordo,et al.  A Retrospective on the Classical Gold Standard, 1821-1931 , 1984 .

[37]  J. Keynes,et al.  The General Theory of Employment, Interest and Money. , 1936 .

[38]  Herschel I. Grossman,et al.  Varieties of Monetary Experience. , 1971 .

[39]  L. Yeager,et al.  A Laissez-Faire Approach to Monetary Stability , 1983 .

[40]  Milton Friedman,et al.  A Theory of the Consumption Function , 1957 .

[41]  Anna J. Schwartz,et al.  Monetary Trends in the United States and United Kingdom: Their Relation to Income, Prices, and Interest Rates, 1867–1975 , 1982 .

[42]  J. Judd,et al.  The Search for a Stable Money Demand Function , 1982 .

[43]  R. Lucas.  Econometric policy evaluation: A critique , 1976 .

[44]  P. Spindt.  Money Is What Money Does: Monetary Aggregation and the Equation of Exchange , 1985, Journal of Political Economy.

[45]  P. Cagan,et al.  Determinants and Effects of Changes in the Stock of Money, 1875-1960 , 1965 .

[46]  Lawrence H. White.  Competitive Payments Systems and the Unit of Account , 1982 .

[47]  Toshihiro Ihori.  On the Welfare Cost of Permanent Inflation , 1985 .

[48]  Michael L. Mussa.  The Welfare Cost of Inflation and the Role of Money as a Unit of Account , 1977 .

[49]  J. Tobin.  Liquidity Preference as Behavior towards Risk , 1958 .

[50]  B. Mccallum.  Bank Deregulation, Accounting Systems of Exchange, and the Unit of Account: a Critical Review , 1985 .

[51]  Milton Friedman,et al.  The Optimum Quantity of Money''in The Optimum Quantity of Money and other essays , 1969 .

[52]  D. W. Goedhuys,et al.  Monetary Policy for the 1980s , 1980 .

[53]  Merton H. Miller,et al.  A Model of the Demand for Money by Firms , 1966 .

[54]  Merton H. Miller,et al.  THE DEMAND FOR MONEY BY FIRMS: EXTENSIONS OF ANALYTIC RESULTS , 1968 .

[55]  R. Hall.  Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar , 1982 .

[56]  R. Lucas.  Tobin and Monetarism: A Review Article , 1981 .

[57]  J. Lothian.  Equilibrium Relationships between Money and Other Economic Variables , 1985 .

[58]  Anna J. Schwartz,et al.  Money and Business Cycles , 1963 .

[59]  E. Fama.  Banking in the theory of finance , 1980 .