Can the Quantity Theory of Money still help us understand anything?
Do PKEs really reject that money isn't neutral in the long-run? Maybe it's because I just took Intermediate Macro at my university, but money being neutral in the long-run and non-neutral in the short-run is just very intuitive I feel.
A deep understanding of the QTM is essential for sound monetary policy!
https://marcusnunes.substack.com/p/the-feds-monetary-policy-from-the?s=w
Do PKEs really reject that money isn't neutral in the long-run? Maybe it's because I just took Intermediate Macro at my university, but money being neutral in the long-run and non-neutral in the short-run is just very intuitive I feel.
A deep understanding of the QTM is essential for sound monetary policy!
https://marcusnunes.substack.com/p/the-feds-monetary-policy-from-the?s=w