The optimum quantity of money: and other essays

adjusted amplitude analysis assets average bonds business cycles Cagan capital cent change in money change of prices consumption contraction correlation cost currency cyclical movements decline deep depression cycles demand for money dollar economic effect empirical equation equilibrium estimates evidence expansion expenditures factors Federal Reserve Federal Reserve System Hence hold hyperinflations important increase individual inflation initial interest rates internal rate interpretation Keynesian liquidity preference magnitudes measured income Milton Friedman monetary authorities monetary changes monetary policy monetary theory money income money multiplier money stock money supply months output pattern peak period permanent income price level quantity of money quantity theory rate of change rate of discount rate of growth rate of price ratio real balances real cash balances real income reference cycle reference peak relation relative role secular Simons stability standard deviation stock of money transmission mechanism trend trough United variables wealth World yield zero