The Quantity Theory of Money: An Assessment of Its Real Linchpin Prediction

13 Pages Posted: 3 Apr 2010

See all articles by Claude Hillinger

Claude Hillinger

Independent

Bernd Süssmuth

University of Leipzig; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: March 2010

Abstract

This study approaches the Quantity Theory of Money at a conceptual level, asking how it can be most reasonably interpreted and quantitatively assessed. The resulting approach is straightforward. Unlike studies relying on other methods we find evidence of its linchpin prediction that is not limited to periods of high inflation.

Keywords: quantity theory of money

JEL Classification: B22, E31, E41, E52

Suggested Citation

Hillinger, Claude and Süssmuth, Bernd, The Quantity Theory of Money: An Assessment of Its Real Linchpin Prediction (March 2010). CESifo Working Paper Series No. 2995, Available at SSRN: https://ssrn.com/abstract=1581346

Claude Hillinger

Independent ( email )

Bernd Süssmuth (Contact Author)

University of Leipzig ( email )

IEW Institute for Empirical Research in Economics
Grimmaische Str. 12
Leipzig, D-04109
Germany
+49 341 97 33782 (Phone)
+49 341 97 33789 (Fax)

HOME PAGE: http://www.wifa.uni-leipzig.de/iew/professur-oekonometrie/team/prof-dr-bernd-suessmuth.html

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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