This paper investigates whether the quantity theory of money is still alive. We demonstrate three insights. First, for … countries with low inflation, the raw relationship between average inflation and the growth rate of money is tenuous at best …. Second, the fit markedly improves, when correcting for variation in output growth and the opportunity cost of money, using …

. A model of efficient barter and local inside money is developed to show how chronic specie scarcity in colonial America …

Despite advances in transactions technologies, paper currency still constitutes a notable percentage of the money …

asset (money). We show that, even in the absence of asymmetric information or an agency problem, the private provision of … this. This distortion is present even if we introduce lending and government money. To eliminate the inefficiency the …

We describe two examples which illustrate in different ways how money and credit may be useful in the conduct of … monetary policy. Our first example shows how monitoring money and credit can help anchor private sector expectations about …