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Monetarismus mit Liquiditätsprämie. Von Friedmans optimaler Inflationsrate zur optimalen Liquidität


  • Norbert Olah

    (not available)

  • Thomas Huth

    () (Leuphana University Lueneburg, Germany)

  • Dirk Loehr

    (FH Trier, Germany)


Die monetaristische Geldtheorie gesteht zwar dem Geld als „Luxusgut” einen eigenen Nutzen zu, gelangt aber erst durch eine kritische Synthese mit der keynesianischen Liquiditätstheorie des Zinses zu sinnvollen Ergebnissen. Sowohl Milton Friedmans Idee, das Wohlfahrtsoptimum durch eine Deflation erreichen zu wollen, als auch der alternative Vorschlag eines positiven Zinses auf Bargeld müssen verworfen werden. Erst die Integration der Liquiditätsprämie ermöglicht eine optimale Liquidität mit einer optimalen Geldnutzung.

Suggested Citation

  • Norbert Olah & Thomas Huth & Dirk Loehr, 2012. "Monetarismus mit Liquiditätsprämie. Von Friedmans optimaler Inflationsrate zur optimalen Liquidität," Working Paper Series in Economics 238, University of Lüneburg, Institute of Economics.
  • Handle: RePEc:lue:wpaper:238

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