scholarly journals Quantity Theory is Alive: The Role of International Portfolio Shifts

2012 ◽  
Author(s):  
Roberto A. De Santis
Keyword(s):  
Quantity Theory ◽  
International Portfolio ◽  
Portfolio Shifts

Fisher's Last Stand on the Quantity Theory: the Role of Money in the Recovery

2000 ◽  
Vol 22 (4) ◽  
pp. 493-498
Author(s):  
Frank G. Steindl
Keyword(s):  
Recent Article ◽  
Quantity Theory ◽  
Economic Journals

In his recent article, Robert Dimand details for the profession the existence of four obscure papers by Irving Fisher (1935, 1936, 1937, 1940). He also brings to our attention two brief Econometrica contributions (Fisher 1946, 1947), neither of which is listed in the American Economic Association's Index of Economic Journals, as he points out. For this, and for his careful discussion of the content of those papers, we are indeed in his debt.

The Price Revolution: A Monetary Interpretation

1989 ◽  
Vol 49 (4) ◽  
pp. 883-902 ◽  
Author(s):  
Douglas Fisher
Keyword(s):  
Granger Causality ◽  
Western Europe ◽  
Balance Of Payments ◽  
Flow Mechanism ◽  
European Monetary ◽  
Quantity Theory ◽  
Empirical Verification ◽  
Causality Tests ◽  
Granger Causality Tests

This article presents tests of the role of money in the price revolution (1525–1618). The hypothesis is that American specie drove European prices, and that the mechanism was the quantity theory of money buttressed by the specie-flow mechanism. Specie entered Spain, increasing Spanish prices, and then spread over Western Europe as a result of the Spanish balance-of-payments deficit, enlarging European monetary bases and price levels. Empirical verification is achieved through Granger-causality tests.

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