Notes on monetary theory for microeconomists

[oscar volij]

Hi, and sorry for the intrusion.

Just to let you know about a new paper on monetary theory written in a language I can understand.

Abstract

We present a reinterpretation of what is known as the classical dichotomy, and illustrate its power, within the framework of the fiscal theory of the price level, by deriving some insights in a language that, hopefully, is accessible to microeconomists.

Keywords: Classical dichotomy, Inflation, Quantity theory, Fiscal theory of the price level.

JEL Classification: B22,E00,E31,E40,E52

Suggested Citation:

Volij, Oscar, Notes on monetary theory for microeconomists (March 18, 2024). Available at SSRN: https://ssrn.com/abstract=4754375 or http://dx.doi.org/10.2139/ssrn.4754375