Karl Brunner's Contributions to the Theory of the Money Supply
Abstract: In this paper, I revisit some recent work on the theory of the money supply, using a theoretical framework that closely follows Karl Brunner's work. I argue that had his research proposals been followed by the profession, some of the misunderstandings related to the instability of the money demand relationship could have been avoided.
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of Minneapolis
Part of Series: Staff Report
Publication Date: 2019-04-23
Pages: 24 pages