English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

This paper aims to investigate the impact of a change in the quantity of money on relative prices based on quarterly time-series for the period 1959-2013 of the U.S. economy. The econometric results show evidence that a change in the money supply affects the relative prices. This result does not corroborate the assumption that changes in relative prices only occur due to changes in real variables, but changes in relative prices also occur via changes of the money stock. In this sense, there is no empirical evidence that the hypothesis of the dichotomy between relative prices and absolute prices is valid.

Quantity theory of money: the hypothesis of the dichotomy between relative prices and absolute prices