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A statement of problem -- The theory of the demand for money -- A theory of the supply of money -- The quantity theory … of money -- Inflation without a quantity of money : the Wicksellian approach. -- Technological risk and the social … function of real debt -- Monetary risk and the social function of money debt -- The quantity theory in a risky world …
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It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this … idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore … presented in its place. The book aims to provide the foundations for a new analysis of inflation from a macroeconomic …
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analyse this topic by means of a P-star model. Based on the quantity theory of money, this approach explains inflation via a …Regarding inflation as being a monetary phenomenon in the long-run is a widely-held view in modern macro economics. We …. Moreover, parameter restrictions for the long-run relationships implied by the monetary theory are tested. Country specific P …
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