Review 3 -- No Title

In Varieties of Monetary Experience, David Meiselman has collected six essays that continue in the tradition of Milton Friedman's Studies in the Quantity Theory of Money. The common thread that runs through all of these studies is the notion that the demand for real money balances is a relative...

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Veröffentlicht in:The Journal of business (Chicago, Ill.) Ill.), 1972, Vol.45 (2), p.321
1. Verfasser: Zecher, Richard
Format: Review
Sprache:eng
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container_title The Journal of business (Chicago, Ill.)
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creator Zecher, Richard
description In Varieties of Monetary Experience, David Meiselman has collected six essays that continue in the tradition of Milton Friedman's Studies in the Quantity Theory of Money. The common thread that runs through all of these studies is the notion that the demand for real money balances is a relatively stable function of a few variables: to be more precise, a stable function of the two variables real income and (expected) rate of inflation. The robustness of this uncomplicated hypothesis, when applied to a wide variety of nonexplosive inflationary periods in the six essays, is impressive.
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ispartof The Journal of business (Chicago, Ill.), 1972, Vol.45 (2), p.321
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1537-5374
language eng
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source Business Source Complete; JSTOR Archive Collection A-Z Listing
subjects Essays
Hypotheses
Income taxes
Quantity theory of money
World War II
title Review 3 -- No Title
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