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Irving Fisher's encounter with the Quantity theory of Money began in the 1890s, during the debate about bimetallism …, and reached its high point in 1911 with the publication of The Purchasing Power of Money. His most important refinement of …
Persistent link: https://www.econbiz.de/10009367470
’s key variable, the quantity of money. …
Persistent link: https://www.econbiz.de/10010697207
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a...
Persistent link: https://www.econbiz.de/10010720652
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the "invisible hand", was a...
Persistent link: https://www.econbiz.de/10011592187
's key variable, the quantity of money …
Persistent link: https://www.econbiz.de/10011390724
It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into …
Persistent link: https://www.econbiz.de/10011390725
rate and money growth in influencing economic outcomes are emphasised. Today's standard DSGE approach to modelling …
Persistent link: https://www.econbiz.de/10011390730
awareness and respect for empirical content to bear when he wrote about the Quantity Theory of Money, but he hesitated to probe …
Persistent link: https://www.econbiz.de/10010291900
The monetary economy has properties that cannot be analyzed using the tools of today's dynamic general equilibrium analysis. Keynes's economics, far from being an aberration in the otherwise orderly evolution of modern macroeconomics from Adam Smith's ideas about the invisible hand, was a major...
Persistent link: https://www.econbiz.de/10010291902
consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … case for a money growth rule, and the expectations augmented Phillips curve are then taken up, followed by a discussion of …
Persistent link: https://www.econbiz.de/10010291906