The Optimum Quantity of Money
Datos Bibliográficos
| ID | 23768989 |
|---|---|
| Autores | Friedman Milton, D Bordo Michael |
| Año | 2017 |
| Páginas | 1-50 |
| Fecha de publicación | 2017-10-23 |
| Open Access | No |
| Tipo | BOOK |
| Revista | Optimum Quantity of Money (SOURCE_BOOK) |
| Editorial | Routledge (PUBLISHER • GB) |
| DOI | 10.4324/9781315133607 |
| OpenAlex | W1481560811 |
| ISBN | 9781315133607 |
| Idioma | EN |
| Citas recibidas | 34 |
| Referencias citadas | 1 |
The optimum behavior of the price level, in particular, has been discussed for at least a century, though no definite and demonstrable answer has been reached. Interestingly enough, it turns out that when the question is tackled indirectly, via the optimum quantity of money, a definite answer can be given. This chapter examines a rather roundabout way — as befits a topic that belongs in capital theory at least as much as in monetary theory. It also examines a highly simplified hypothetical world in which the elementary but central principles of monetary theory stand out in sharp relief. The amount will depend on the details of the institutional payment arrangements that characterize the equilibrium position reached, which in turn will depend on the state of the arts, on tastes and preferences, and on the attitudes of the public toward uncertainty. These attempts have produced welfare gains to the community by the payment of interest on at least some cash balances.
Economics · Keynesian economics · Macroeconomics · Monetarism · Monetary economics · Monetary policy · Political science · Positive economics · Quantity theory of money · Rational expectations · Reading (process) · Speculation · Economic theories and models · Economic Theory and Policy · Law
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The Missing Politics of Central Banks
What They Were Thinking Then
Modern Macroeconomics in Practice
Less than Zero
Responding to the crisis
Optimal fiscal and monetary policy in an economy without capital
Macroeconomic Consequences of Remittances
Tax structures in developing countries
Islamic Banking and Friedman's Rule
The Demand for Money
Optimal Fiscal and Monetary Policy
A Nominal Theory of the Nominal Rate of Interest and the Price Level
The Optimal Rate of Growth of Money
Economic Exchange During Hyperinflation
The Transactions Theory of the Demand for Money
Private and Public Supply of Liquidity
On the Neutrality of Money
A Monetary Explanation of the Equity Premium, Term Premium, and Risk-Free Rate Puzzles
A Further Exploration in the Theory of Exchange Rate Regimes
Rational Response to the Money Supply
On Uncertain Lifetimes
On the Optimality of the Friedman Rule with Heterogeneous Agents and Nonlinear Income Taxation
The Dog That Did Not Bark
H. D. Macleod and the Origins of the Theory of Finance in Economic Development
Uncertain Lifetimes, Retirement and Economic Welfare
The Roles of Money in an Economy and the Optimum Quantity of Money
The Long-run Behaviour of the Patinkin Model
Professor Friedman's Views on Money
Where to Draw Lines
Monetary Policy and the Transaction Role of Money in the US
Dynamic Stability and the Choice Between Fixed and Flexible Exchange Rates
Preferences over Inflation and Unemployment
| Obras citantes distintas | 34 |
|---|---|
| Citas por año | 0,59 |
| Intervalo de citas | 1968 - 2021 (54) |
| Velocidad de citación | historical |
| Altamente citado | No |