Saturday, 18 November 2017

Money Neutrality

Cantillon Effects and Money Neutrality

June 27, 2017
in Blog

Money neutrality is a key principle in monetary economics. As might seem obvious, the amount of goods that can be produced depends on the availability of factors of production (such as capital and labor) and on technological knowledge. For instance, the fact that more dollars are in circulation does not mean we can produce more […]

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