文章基本信息

标题：Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
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作者：Tito Belchior Silva Moreira ; Mario Jorge Mendonça ; Adolfo Sachsida 等
期刊名称：Revista de Economia
印刷版ISSN：2316-9397
出版年度：2017
卷号：41
期号：1
语种：English
出版社：Editora UFPR
摘要：This paper aims to investigate the impact of a change in the quantity of money on relative prices based on quarterly time-series for the period 1959-2013 of the U.S. economy. The econometric results show evidence that a change in the money supply affects the relative prices. This result does not corroborate the assumption that changes in relative prices only occur due to changes in real variables, but changes in relative prices also occur via changes of the money stock. In this sense, there is no empirical evidence that the hypothesis of the dichotomy between relative prices and absolute prices is valid.
关键词：Quantity theory of money, relative prices, absolute prices, dichotomy.