Reconstructing the Quantity Theory (II)

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: Part (I) and (II) of this paper reconstruct the quantity theory from structural axiomatic foundations. This yields a coherent view of the interrelations of quantity of money, transaction money, saving–dissaving, liquidity–illiquidity, rates of interest, leverage, allocation, prices, profits, unit of account, and employment. Part (II) focuses on the symmetric and asymmetric process of nominal and real saving–dissaving and on the monetization of nonfinancial assets. The distinction between liquidity preferences of individual households and the household sector as a whole proves to be crucial.

Keywords: New framework of concepts; Structure-centric; Axiom set; Complementary time preference; Time transfer; Real rate of interest; Inventory; Nonfinancial profit; Transmission mechanism; Asset-liability structure; Capital market (search for similar items in EconPapers)
JEL-codes: E10 E20 E40 (search for similar items in EconPapers)
Date: 2011-08-02
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Citations: View citations in EconPapers (22)

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Related works:
Working Paper: Reconstructing the Quantity Theory (I) (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32542

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