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Karl Brunner's Contributions to the Theory of the Money Supply

Juan Pablo Nicolini ()

No 582, Staff Report from Federal Reserve Bank of Minneapolis

Abstract: In this paper, I revisit some recent work on the theory of the money supply, using a theoretical framework that closely follows Karl Brunner's work. I argue that had his research proposals been followed by the profession, some of the misunderstandings related to the instability of the money demand relationship could have been avoided.

Keywords: Transaction services; Means of payment; Money multiplier (search for similar items in EconPapers)
JEL-codes: E51 E58 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2019-04-23
New Economics Papers: this item is included in nep-his, nep-hpe, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedmsr:582

DOI: 10.21034/sr.582

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