Widespread, derogatory term for the view that the value of money depends entirely on the quantity of money (quantity theory of money in a narrow sense; strict quantity theory). As experience teaches, other factors also play a role in inflation, especially capacity utilization (extent to which the productive capacity of a country is being used in the generation of merchandise and services), wage formation, commodity prices, exchange rates, household saving and spending behavior and, last but not least, the expectations of economic agents. – See core inflation, potential growth, two-pillar principle.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
Passende Formel
Quantitätsgleichung des Geldes
Geldmenge, Umlaufgeschwindigkeit, Preisniveau und reale Produktion verbinden.
Variablen: M Geldmenge; V Umlaufgeschwindigkeit; P Preisniveau; Y reales Einkommen.
Anwendung: Für monetäre Analysen und langfristige Preisniveauzusammenhänge.