Questions tagged [quantity-theory-of-money]
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11 questions with no upvoted or accepted answers
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Why is money super neutral in Brunnermeier and Sannikov's I theory of money?
I'm wondering why money is super neutral in Brunnermeier and Sannikov's "I-theory of money", but is not super neutral in their 2016 AER paper "On the optimal inflation rate".
In the I-theory of money,...
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Who profits from monetary expansion?
Is my understanding correct:
In history (ancient, medieval) money was directly created by governments, therefore any monetary expansion meant 100% net profit for government, which could be used to ...
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How can I determine if a token economic is viable?
Given a system where you incentivize people to do actions in a system, we might have good and bad actors.
I would like to know if there is a software or framework where I could put the different <...
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Static and Dynamic models: Testing the Quantity Theory of Money
The quantity theory of money is stated as a simple equation which states that the general price level of goods and services is directly proportional to the amount of money in circulation. This is ...
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What does the introduction and expanded availability of credit cards do to money velocity?
Consider the quantity theory of money: $MV=PY$.
"Consider an example of a demand shock: the introduction and expanded availability
of credit cards. Because credit cards are often a more convenient way ...
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Is There an rNPV Model Relating Money Supply, Total Wealth and Money Velocity?
It seems sensible that the supply of constant-value units of fiat money should roughly correspond to the total wealth of the jurisdiction's economy, in the same sense that an on-demand gold ...
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Who first described/coined “velocity” of money?
Restatement: Who is responsible for originating the term “velocity” to describe the rate of money circulation? Also, who is responsible for first discussing this rate, specifically?
Background: While ...
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Difference between IS curve viewed by Keynes and by Friedman
In my economics lectures, we are going through Keynes vs Friedman. As far as I got we have a downward sloping IS curve in the IS-LM model. We get this curve from the Keynesian cross when the rate of ...
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The cantillon Effect asumes that money is not nutral right?
I am a austrian high school student and as a part of our final exams we have to write a small scintific paper. I decided to write about the Cantillon Effect and its implications and realised that ...
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How to calculate velocity of money when some people make long-term savings?
Bob gets paid every month and lives paycheck-to-paycheck, so for Bob's money velocity is 12 (assuming that there is nobody else in the economy).
Al gets paid every two weeks and lives paycheck-to-...
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Would taxing money owned (as a share of purchasing power) be a better form of taxation?
Consider a nation whose money is entirely digital (like Bitcoin), but centralized (unlike Bitcoin). Furthermore, the total money supply is fixed, i.e. money cannot be created nor destroyed. To be ...
