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Two Theories of Money Reconciled: The Colonial Puzzle Revisited with New Evidence

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NBER2005-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11784
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资源简介:
The purported failure of the classical quantity theory of money in the colonial economy is shown to be a failure of data and not a failure of theory. When new data on the quantity of specie in circulation is added to the current data on paper money and prices, and econometrically estimated in both
提供机构:
美国国家经济研究局
创建时间:
2005-11-01
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