real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for …

This paper presents a model that pictures how inflation is determined in a decentralized market process where prices … reference to the quantity of money.Following up the finding that inflation is determined in a coordination game, it is …. Central banks could thus be shown to be able to influence inflation rates, although the quantity of money plays no part in …

It is then argued that, whereas Monetarism brought about a revival of the quantity theory of money from the limbo into …