Chapter 30 Money Growth and Inflation
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The classical theory of inflation 3:31 • The value of money 5:20 • Money demand, money supply and monetary equilibrium 10:49 • Drawing the money supply and money demand curves 16:16 • What happens when the Fed changes the supply of money? 25:17 • The quantity theory of money 29:48 • What happens when the demand for money changes? 36:08 • The classical dichotomy - real vs. nominal variables 38:19 • Monetary neutrality 46:04 • The velocity of money and the quantity equation 48:23 • Hyperinflation 55:36 • Hyperinflation in Zimbabwe 56:21 • The inflation tax 1:01:08 • The Fisher effect: real and nominal interest rates 1:02:17 • The costs of inflation 1:04:02
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