New Approach to Explain Neutrality of Money

This paper presents a new explanation of neutrality of money in general case, regardless of the duration. It is based on the CMI-model of macroeconomic dynamics, which proposes the fundamental relationship between the efficiency of the use of production resources, money supply, inflation, and dynami...

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Bibliographic Details
Main Author: Alexander Bandura
Format: Article
Language:English
Published: National University of Kyiv-Mohyla Academy 2017-12-01
Series:Наукові записки НаУКМА: Економічні науки
Subjects:
Online Access:http://spne.ukma.edu.ua/article/view/119738