Macro Musings with David Beckworth cover image

Bryan Cutsinger and Louis Rouanet on the Politics and Dynamics of Hyperinflation in Revolutionary France

Macro Musings with David Beckworth

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The Quantity Theory and the Demand for Money

The quantity theory is kind of like a local maximum and then the asset back to more of a couple of max. But within that, there's certain changes driven by the quantity approach. And so as that future policy path changes, so too does the demand for money.

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