We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect … the QTM holds for low inflation as well as for high inflation. We discuss how our findings relate to monetarism generally …

development of today's mainstream, stochastic, but essentially Walrasian, macroeconomic theory, rooted in his explicit deployment … of econometric theory in the analysis of forward-looking maximising behaviour in 1957, and in his later work on the …

monetarism emerged, the background factors that facilitated that emergence, and the relation of monetarism both to ideology and …

Adam Smith's ideas about the invisible hand, was a major contribution to an ongoing tradition in monetary theory in whose …

governments' failures in economic policy throughout this period. Reflections on Monetarism brings together his most important …

Keynes, the Keynesians and Monetarism is a major contribution to the continuing debate on macroeconomic policy … since his 1992 collection, Reflections on Monetarism. It challenges several "conventional wisdoms" about UK macroeconomic …-making acknowledges the primacy of monetary policy and would be better termed "output gap monetarism". In short, Keynes, the Keynesians …