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The Quantity Theory of Money: An Assessment of its Real Linchpin Prediction

Claude Hillinger and Bernd Süssmuth

No 2995, CESifo Working Paper Series from CESifo

Abstract: This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not limited to periods of high inflation.

Keywords: quantity; theory; of; money (search for similar items in EconPapers)
JEL-codes: B22 E31 E41 E52 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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