The Quantity Theory of Money¶
Friedman, M. (1956). The Quantity Theory of Money: A Restatement. Studies in the Quantity Theory of Money (University of Chicago Press).
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Velocity of money
- The empirical question that has organized monetary economics from Irving Fisher and Milton Friedman through the present is whether velocity is in fact stable enough for that inference to hold
This sourceFriedman's restatement making the stability of the demand for money — and hence of velocity as a function of a few variables — the quantity theorist's central empirical hypothesis.
Supported in partVerified against the source
- The empirical question that has organized monetary economics from Irving Fisher and Milton Friedman through the present is whether velocity is in fact stable enough for that inference to hold
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