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French Economists And The Purchasing Power Of Money

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  • Alain Béraud

    ()
    (THEMA, Universite de Cergy-Pontoise)

Abstract

When French economists read The Purchasing Power of Money, they were primarily interested in the equation of exchange and the reformulation that Fisher proposed regarding the quantity theory of money. This reading led them to ponder the meaning that should be given to this theory and to study its empirical significance. Some of them, namely Rueff and Divisia, went further still and considered Fisher’s work as a starting point for their own analyses, which were related in particular to the monetary index, the integration of money into general equilibrium theory and the analysis of monetary phenomena in an open economy.

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Bibliographic Info

Paper provided by THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise in its series THEMA Working Papers with number 2013-10.

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Date of creation: 2013
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Handle: RePEc:ema:worpap:2013-10

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Related research

Keywords: quantity theory of money; price index; theory of purchasing power parity; marginal utility of money; integration of money into general equilibrium.;

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Blog mentions

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  1. The Origins of the Modern Concept of Money
    by bbatiz in NEP-HIS blog on 2013-04-12 10:40:52

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