Inflation without a quantity of money: a simple Wicksellian model outlined
The paper advances a simple and tractable Wicksellian model of inflation, in which the price level is determined by the interaction of the nominal rate of return on capital with a rule that governs the interest rate at which the Central Bank supplies money, and in which the equality of the supply of money with its demand has no explanatory role to play.
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- William Oliver Coleman, 2007. "The Causes, Costs and Compensations of Inflation," Books, Edward Elgar, number 3906, 6.
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