Journal Article
Algebraic quantity equations before Fisher and Pigou
Humphrey, Thomas M. (1984-09)
Readers of this Review are doubtlessly familiar with the famous equation of exchange, MV=PQ, frequently employed to analyze the price level effects of monetary shocks. One might think the algebraic formulation of the equation is an outgrowth of the 20th century tendency toward mathematical modeling and statistical testing. Indeed, textbooks typically associate the transaction velocity version of the equation with Irving Fisher and the alternative Cambridge cash balance version with A. C. Pigou, two early 20th century proponents of the application of mathematics to economic analysis. The ...
Economic Review , Volume 70 , Issue Sep , Pages 13-22

Journal Article
Algebraic production functions and their uses before Cobb-Douglas
Humphrey, Thomas M. (1997-01)
Economic Quarterly , Issue Win , Pages 51-83

Working Paper
Monetary policy frameworks and indicators for the Federal Reserve in the 1920s
Humphrey, Thomas M. (2000)
The 1920s and 1930s saw the Fed reject a state-of-the-art empirical policy framework for a logically defective one. Consisting of a quantity theoretic analysis of the business cycle, the former framework featured the money stock, price level, and real interest rates as policy indicators. By contrast, the Fed?s procyclical needs-of-trade, or real bills, framework stressed such policy guides as market nominal interest rates, volume of member bank borrowing, and type and amount of commercial paper eligible for rediscount at the central bank. The start of the Great Depression put these rival sets ...
Working Paper , Paper 00-07

Journal Article
The monetary approach to exchange rates : its historical evolution and role in policy debates
Humphrey, Thomas M. (1978-07)
An abstract for this article is not available
Economic Review , Volume 64 , Issue Jul , Pages 2-9

Journal Article
Dennis H. Robertson and the monetary approach to exchange rates
Humphrey, Thomas M. (1980-05)
Economic Review , Volume 66 , Issue May , Pages 19-26

Monograph
Essays on inflation
Humphrey, Thomas M. (1986)
Monograph

Journal Article
John Wheatley's theory of international monetary adjustment
Humphrey, Thomas M. (1994-07)
Economic Quarterly , Issue Sum , Pages 69-85

Journal Article
Some recent developments in Phillips curve analysis
Humphrey, Thomas M. (1978-01)
An abstract for this article is not available
Economic Review , Volume 64 , Issue Jan , Pages 15-23

Report
Mercantilists and classicals: insights from doctrinal history. 1998 annual report of the Federal Reserve Bank of Richmond
Humphrey, Thomas M. (1998)
Annual Report

Journal Article
Book review: The real Adam Smith
Humphrey, Thomas M. (2006-07)
Adam Smith's lost legacy by Gavin Kennedy
Econ Focus , Issue Sum , Pages 49-51