Lectures in Macroeconomics- Charles W. Upton Evidence for the Quantity Theory.

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Presentation transcript:

Lectures in Macroeconomics- Charles W. Upton Evidence for the Quantity Theory

Data Sets International Data International Hyperinflations American Data

Evidence for the Quantity Theory Inflation Rates for 100 Countries

Evidence for the Quantity Theory Inflation Rates for 100 Countries

Evidence for the Quantity Theory Inflation Rates for 100 Countries 45 o

Evidence for the Quantity Theory Inflation Rates for 100 Countries

Evidence for the Quantity Theory The German Hyperinflation

Evidence for the Quantity Theory The German Hyperinflation 726,000,000,000.0

Evidence for the Quantity Theory August 1923

Evidence for the Quantity Theory August 1923

Evidence for the Quantity Theory 50,000,000 Marks

Evidence for the Quantity Theory You think lines are long now?

Evidence for the Quantity Theory The German Hyperinflation

Evidence for the Quantity Theory The Austrian Hyperinflation

Evidence for the Quantity Theory The Hungarian Hyperinflation

Evidence for the Quantity Theory The Polish Hyperinflation

Evidence for the Quantity Theory Conclusions Price level and money supply go hand in hand. When money supply stops growing, price level stops growing.

Evidence for the Quantity Theory US Data

Evidence for the Quantity Theory More US Data

Evidence for the Quantity Theory More US Data

Evidence for the Quantity Theory Inflation and Growth

Evidence for the Quantity Theory Inflation and Growth Money is Neutral

Evidence for the Quantity Theory Well Sort of Neutral

Evidence for the Quantity Theory Well Sort of Neutral

Evidence for the Quantity Theory Conclusions The Quantity Theory of Money works pretty well but there are qualifications

Evidence for the Quantity Theory End ©2003 Charles W. Upton. All rights reserved