Posen, Adam S. - 2003 - [Elektronische Ressource]
the 1980s, money supply was growing, velocity
was declining, and no increase showed up in wholesale or consumer prices … these conditions present (expanding money supply, declining
velocity, no effect on the price level) and still see no ….
drive prices down because it portends a monetary tightening or slower growth. Aggregate supply factors
tend to dominate …