Economics, Econometrics and Finance
3 years ago

New Theory Unites Money and Credit Theories, Offers Solutions for Economic Crises.

Proceedings of Business and Economic Studies
Dynamic Quantity Theory of Money: Research on Monetary Cycle and Business Cycle Based on the Concepts of Issuing Money and Operating Money
Liankui Gao

Paper Summary

Related papers

Economics, Econometrics and Finance
3 years ago

New Theory Unites Money and Credit Theories, Offers Solutions for Economic Crises.

Econophysics
Monetary Models
1 view
Economics, Econometrics and Finance
4 years ago

Banks can create money without needing savings, changing economic landscape.

Macroeconomic Trends
2 views
Economics, Econometrics and Finance
6 years ago

New book reveals how money shapes economies and society worldwide.

Macroeconomic Trends
Monetary Models
1 view

The article introduces a new theory called the Dynamic Quantity Theory of Money, which combines the Quantity Theory of Money and the Theory of Credit Creation. This theory aims to explain monetary cycles and business cycles. The researchers also discuss the Theory of Money Operation Cycle, the Theory of Monetary Compensation, and the Theory of Investment Compensation to address economic crises. They explain why Quantitative Easing may not cause inflation in the short term and emphasize the importance of fiscal investment in rescuing economies during crises.