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

2. Data Sets International Data International Hyperinflations American Data

3. Evidence for the Quantity Theory Inflation Rates for 100 Countries

4. Evidence for the Quantity Theory Inflation Rates for 100 Countries

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

6. Evidence for the Quantity Theory Inflation Rates for 100 Countries

7. Evidence for the Quantity Theory The German Hyperinflation

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

9. Evidence for the Quantity Theory August 1923

10. Evidence for the Quantity Theory August 1923

11. Evidence for the Quantity Theory 50,000,000 Marks

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

13. Evidence for the Quantity Theory The German Hyperinflation

14. Evidence for the Quantity Theory The Austrian Hyperinflation

15. Evidence for the Quantity Theory The Hungarian Hyperinflation

16. Evidence for the Quantity Theory The Polish Hyperinflation

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

18. Evidence for the Quantity Theory US Data

19. Evidence for the Quantity Theory More US Data

20. Evidence for the Quantity Theory More US Data

21. Evidence for the Quantity Theory Inflation and Growth

22. Evidence for the Quantity Theory Inflation and Growth Money is Neutral

23. Evidence for the Quantity Theory Well Sort of Neutral

24. Evidence for the Quantity Theory Well Sort of Neutral

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

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