American Quantity Theorists prior to Irving Fisher’s Purchasing Power of Money

Rebeca, Gomez Betancourt; de Boyer des Roches, Jérôme

dc.contributor.author	Rebeca, Gomez Betancourt HAL ID: 15928 ORCID: 0000-0002-5238-6705
dc.contributor.author	de Boyer des Roches, Jérôme
dc.date.accessioned	2012-09-26T09:24:07Z
dc.date.available	2012-09-26T09:24:07Z
dc.date.issued	2011-01
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/10195
dc.language.iso	en	en
dc.subject	Quantity theory	en
dc.subject	business confidence	en
dc.subject	deflation	en
dc.subject	legal tender	en
dc.subject	prices	en
dc.subject	gold standard	en
dc.subject.ddc	339	en
dc.subject.classificationjel	B1	en
dc.subject.classificationjel	E4	en
dc.subject.classificationjel	E5	en
dc.subject.classificationjel	N11	en
dc.title	American Quantity Theorists prior to Irving Fisher’s Purchasing Power of Money	en
dc.type	Communication / Conférence
dc.description.abstracten	The aim of this paper is to analyze the state of the quantity theory in the United States prior to the publication of Irving Fisher’s Purchasing Power of Money in 1911. We start by presenting the participants in the monetary debate. Next, we analyze the controversies regarding prices, purchasing power of money and credit, prior to the Gold Standard Act of 1900, in particular the opposing views of Francis Amasa Walker and James Laurence Laughlin. We then go on to study the restatement of the quantity theory at the beginning of the twentieth century, through the introduction of credit in the analysis and the statistical tests of the exchange equations. Finally, we study the problems and management of the gold standard, focusing on the elasticity of money supply, the characteristics of the gold exchange standard and the contrast between the fixed price of gold and its fluctuating purchasing power. We show the improvement of the quantity theory and the new issues that emerged from the rich and original American monetary debate, prior to the publication in 1911 of Fisher’s book.	en
dc.identifier.citationpages	22	en
dc.subject.ddclabel	Macroéconomie	en
dc.relation.conftitle	ASSA Conference	en
dc.relation.confdate	2011-01
dc.relation.confcity	Denver, Colorado	en
dc.relation.confcountry	États-Unis	en
dc.relation.forthcoming	non	en

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