Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices

Detalhes bibliográficos
Autor(a) principal: Moreira, Tito Belchior Silva
Data de Publicação: 2015
Outros Autores: Mendonça, Mario Jorge, Sachsida, Adolfo, Tabak, Benjamin Miranda
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia (Curitiba. Online)
Texto Completo: https://revistas.ufpr.br/economia/article/view/41382
Resumo: 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.
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spelling Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute pricesEconomia MonetáriaQuantity theory of money, relative prices, absolute prices, dichotomy.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.UFPRCNPqMoreira, Tito Belchior SilvaMendonça, Mario JorgeSachsida, AdolfoTabak, Benjamin Miranda2015-05-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.ufpr.br/economia/article/view/4138210.5380/re.v41i1.41382Revista de Economia; v. 41, n. 1 (2015)2316-93970556-578210.5380/re.v41i1reponame:Revista de Economia (Curitiba. Online)instname:Universidade Federal do Paraná (UFPR)instacron:UFPRenghttps://revistas.ufpr.br/economia/article/view/41382/31827Direitos autorais 2017 Revista de Economiainfo:eu-repo/semantics/openAccess2017-07-26T14:09:43Zoai:revistas.ufpr.br:article/41382Revistahttps://revistas.ufpr.br/economiaPUBhttps://revistas.ufpr.br/economia/oaire@ufpr.br2316-93970556-5782opendoar:2017-07-26T14:09:43Revista de Economia (Curitiba. Online) - Universidade Federal do Paraná (UFPR)false
dc.title.none.fl_str_mv Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
title Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
spellingShingle Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
Moreira, Tito Belchior Silva
Economia Monetária
Quantity theory of money, relative prices, absolute prices, dichotomy.
title_short Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
title_full Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
title_fullStr Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
title_full_unstemmed Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
title_sort Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices
author Moreira, Tito Belchior Silva
author_facet Moreira, Tito Belchior Silva
Mendonça, Mario Jorge
Sachsida, Adolfo
Tabak, Benjamin Miranda
author_role author
author2 Mendonça, Mario Jorge
Sachsida, Adolfo
Tabak, Benjamin Miranda
author2_role author
author
author
dc.contributor.none.fl_str_mv CNPq
dc.contributor.author.fl_str_mv Moreira, Tito Belchior Silva
Mendonça, Mario Jorge
Sachsida, Adolfo
Tabak, Benjamin Miranda
dc.subject.por.fl_str_mv Economia Monetária
Quantity theory of money, relative prices, absolute prices, dichotomy.
topic Economia Monetária
Quantity theory of money, relative prices, absolute prices, dichotomy.
description 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.
publishDate 2015
dc.date.none.fl_str_mv 2015-05-01
dc.type.none.fl_str_mv
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.ufpr.br/economia/article/view/41382
10.5380/re.v41i1.41382
url https://revistas.ufpr.br/economia/article/view/41382
identifier_str_mv 10.5380/re.v41i1.41382
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.ufpr.br/economia/article/view/41382/31827
dc.rights.driver.fl_str_mv Direitos autorais 2017 Revista de Economia
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Direitos autorais 2017 Revista de Economia
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFPR
publisher.none.fl_str_mv UFPR
dc.source.none.fl_str_mv Revista de Economia; v. 41, n. 1 (2015)
2316-9397
0556-5782
10.5380/re.v41i1
reponame:Revista de Economia (Curitiba. Online)
instname:Universidade Federal do Paraná (UFPR)
instacron:UFPR
instname_str Universidade Federal do Paraná (UFPR)
instacron_str UFPR
institution UFPR
reponame_str Revista de Economia (Curitiba. Online)
collection Revista de Economia (Curitiba. Online)
repository.name.fl_str_mv Revista de Economia (Curitiba. Online) - Universidade Federal do Paraná (UFPR)
repository.mail.fl_str_mv re@ufpr.br
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