rejection. Actions which in the absence of such money, have little influence on total spending, output and prices, on the …, who tried to revitalize and reconfigure the old quantity theory of money. These ideas were transposed and discussed by …

distortive advertising. Buyers read advertising, screen for quality of each good, choose prices optimally and provide a numeraire … good (or money) in exchange. The total numbers of sellers of the two types determine the total production. The total number …

model emphasises the inter-relationships between internal and external balances and also the relation between money, output …, prices and balance of payments. A few counterfactual simulations relating to stepping-up public investment in infrastructure …

nominal money and nominal income, and between nominal money and prices using the annual data set from 1959-60 to 2003 … money in the Pakistani economy, as it is found to be leading variables in changing prices without any feedback. In the case … due to the price hikes in the early 1970s. We investigate the causal relations between real money and real income, between …

-specie-flow theory with basic macroeconomic aggregates for the the 1820-60 period. To the extent that money supply shocks account for the … cycle, their influence is limited to their impact made via changes in the world money stock. Because individual country … depend on both the world money stock and real market forces that distinguish one country from another. Money supply shocks …

capitalism': namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages … prices; and that early-modern England had experienced the greatest degree of such 'profit inflation'. Such a contrast in … was its enthusiastic endorsement by John Maynard Keynes, in his Treatise of Money, published the following year, in 1930 …

monetary changes, both in money stocks and flows. The evidence, in both tables and graphs, will demonstrate that the prices for … relatively static agrarian technology, and thus with the inevitable Law of Diminishing returns, had drive up grain prices during … fifteenth centuries led to a fall in grain prices. The drastic alteration in the land:labour ratio also led to a rise in real …

This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further … relationship between money and prices, the analysis suggests a unidirectional causality from money to prices implying monetary …

This paper re-examines the causal relationship between money and prices in Pakistan using recent data on money and … money to prices. Further, it seems that the monetary expansion has a greater impact on wholesale sale prices compared to CPI. … prices and taking care of time series properties. The results of the paper suggest a unidirectional causality running from …

capitalism’: namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages … prices; and that early-modern England had experienced the greatest degree of such ‘profit inflation’. Such a contrast in … was its enthusiastic endorsement by John Maynard Keynes, in his Treatise of Money, published the following year, in 1930 …