Money and Inflation: Some Critical Issues

Money and Inflation

Reflections on Money and Inflation

Inflation and Money in Brazil

Commodity Money Inflation

This paper presents a theory of inflation in an economy with commodity money and supports it by evidence from the inflationary episodes in France during the fourteenth and fifteenth centuries. The paper shows that commodity money can be inflated similarly to fiat money through repeated debasements, which act like devaluation. Furthermore, as with fiat money, demand for commodity money falls wit...

Some Issues in Controlling the Stock of Money and Discussion

There has been a great deal of debate during the last few years over the ability of the Federal Reserve to control the stock of money. The participants in the debate are easy to identify. Economists of the monetarist persuasion assert that not only is the stock of money the proper instrument to use in influencing economic behavior, but they also argue that it is relatively easy to control, even...