The quantity theory of money (often abbreviated QTM) is a hypothesis within monetary economics which states that the general price level of goods and...

According to the quantity theory supported by the monetarist school of thought, there is a tight causal connection between growth in the money supply and inflation...

of supply and its relation to employment. Chapter 21 analyzes the effect of changes in money supply on the economy, rejecting the quantity theory of money...

definition of velocity: V = PQ / M. As such, without the introduction of any assumptions, it is a tautology. The quantity theory of money adds assumptions...

The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound...

growing influx of silver from the Spanish Americas was the primary cause of price inflation. Championed for the quantity theory of money, Bodin was able...

succinct explanation of the quantity theory of money, resting it almost exclusively on long run prices. Wicksell's theory was considerably more complicated...

Quantity Theory of Money. According to the equation of exchange MV = PY, where M is the stock of money, V is its velocity (how many times a unit of money...

the Cambridge cash-balance theory, an alternative approach to the classical quantity theory of money. Both quantity theories, Cambridge and classical,...

of economics that studies the different theories of money: it provides a framework for analyzing money and considers its functions (such as medium of...

first tradition, whereas the quantity theory of money, labelled the oldest surviving theory in economics, as an example of the second was described already...

restatement of the quantity theory of money. Friedman argued that the demand for money could be described as depending on a small number of economic variables...

Credit theories of money, also called debt theories of money, are monetary economic theories concerning the relationship between credit and money. Proponents...

he was a Warmian Cathedral chapter canon. In 1517 he derived a quantity theory of money—a key concept in economics—and in 1519 he formulated an economic...

stability of the velocity of money are a subject of controversy across and within schools of economic thought. Those favoring a quantity theory of money have...

is how fast the money supply grows or shrinks. The quantity theory of money, simply stated, says that any change in the amount of money in a system will...

alternative to the real business cycle model and the quantity theory of money considered only a long-run theory of the price level. While it is widely agreed in...

determinant of the price level or inflation as opposed to the quantity theory of money. FTPL requires confidence the government will not default on its...

research on the quantity theory of money inaugurated the school of macroeconomic thought known as "monetarism". Fisher was also a pioneer of econometrics...

veil of money and, as a related issue, the quantity theory of money have special importance in economic theory throughout the 20th century. Actually, 20th...

operates through the Quantity Theory of Money, M V = P T {\displaystyle MV=PT} where M is the money supply, V is the velocity of circulation, P is the...

value (economics) Money illusion Veil of money Classical dichotomy Quantity theory of money Patinkin, Don (1987), Neutrality of Money, Palgrave Walsh,...

growth rate of money supply, in particular during the late 1970s and 1980s, inspired by monetarist theory and the quantity theory of money. However, these...

Raising of the Value of Money. In it, he refers to supply as quantity and demand as rent: "The price of any commodity rises or falls by the proportion of the...

the supply of money available to a country. Under the quantity theory of money the concept of money was more tied to its circulation, therefore output was...

independently formulated the quantity theory of money in 1556. He was born in Barásoain, Navarre, and was a relative of Francis Xavier. He obtained a...

total of loans and bonds issued. Generally speaking, a higher real interest rate reduces the broad money supply. Through the quantity theory of money, increases...

theory of welfare economics and the quantity theory of money. Hawtrey and Robertson developed the Cambridge cash balance approach to theory of money and...

and output was explained by the quantity theory of money; David Hume had presented such a theory in his 1752 work Of Money (Essays, Moral, Political, and...

early version of the quantity theory of money, or the relation between a stock of money, its velocity, its price level, and the output of an economy. Like...