The Quantity Theory of Money

  • D. C. Rowan


In Chapter 15 we completed our account of the static ‘neo-Keynesian’ model by examining the relationship such a model predicts between an assumed exogenous change in the nominal money stock and the endogenous response of the price level.


Money Supply Aggregate Demand Money Demand Aggregate Supply Quantity Theory 
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Suggested reading

  1. *M. J. Artis and A. R. Nobay, ‘Two Aspects of the Monetary Debate’, NIESR Review (August 1969).Google Scholar
  2. A. B. Cramp, ‘Does Money Matter?’, Lloyds Bank Review (Penguin, 1973).Google Scholar
  3. D. Fand, ‘Some Issues in Monetary Economics’, Banca Nazionale del Lavoro Quarterly Review (September 1969).Google Scholar
  4. *M. Friedman, in Studies in the Quantity Theory of Money (Chicago University Press, 1956).Google Scholar
  5. *M. Friedman, ‘Comment’, Lloyds Bank Review (October 1970).Google Scholar
  6. *M. Friedman, ‘The Role of Monetary Policy’, American Economic Review (May 1968).Google Scholar
  7. H. G. Johnson (ed.), Readings in British Monetary Economics (Oxford University Press, 1972) pp. 3–109.Google Scholar
  8. *N. Kaldor, ‘The New Monetarism’, Lloyds Bank Review (July 1970).Google Scholar
  9. *N. Kaldor, ‘Rejoinder’, Lloyds Bank Review (October 1970).Google Scholar
  10. J. M. Keynes, The General Theory of Employ ment, Interest and Money (Macmillan, 1936) ch. 21.Google Scholar
  11. D. W. Laidler, The Demand for Money (International Textbooks, 1969) chs 1–5.Google Scholar
  12. D. Savage, ‘The Channels of Monetary Influence: A Survey of the Empirical Evidence’, NIESR Review, no. 83 (February 1978).Google Scholar
  13. D. Savage, ‘Some Issues of Monetary Policy’, NIESR Review, no. 91 (February 1980).Google Scholar

Copyright information

© D. C. Rowan 1983

Authors and Affiliations

  • D. C. Rowan
    • 1
    • 2
  1. 1.University of SouthamptonUK
  2. 2.University of New South WalesSydneyAustralia

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