A general theory of money
ISSN: 2341-2356
Year of publication: 1998
Issue: 11
Pages: 1-35
Type: Working paper
More publications in: Documentos de Trabajo (ICAE)
Abstract
This General Theory of Money (GTM) is proposed as an appropriate Conceptual Model (CM) for any contemporary empirical time series analysis involving a measured variable corresponding to the conceptual variable of the aggregate nominal guantity of money. It is relevantly more general thanexisting CM's for fue same purposes. Two illustrative empirical analyses relating to the demand and supplay of money in the Spanish economy are summarized and an altemative CM, popular in the contemporary neutrality testing literature, is critically compared with this GTM. (JEL E40).