The joint hypothesis test is a replicable interpretation of the quantity theory of money (QTM) when used as an … inflation theory. This study examined the effect of money supply and gross domestic product (GDP) growth on inflation volatility …

We introduce an approach for the empirical study of the quantity theory of money (QTM) that is novel both with respect …

equally portfolio adjustment theories, or “stock” approaches to the quantity theory of money; (b) that post-war mainstream … be reconstructed according to an “income-based flow” approach to the quantity theory, which he names the long-term target …