; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Some Colonial Evidence on Two Theories of Money: Maryland and the Carolinas"; ; "batchuser@example.com"; "Smith, Bruce D. (Bruce David), 1954-2002"; "Federal Reserve Bank of Minneapolis"; "Monetary injections", "Quantity theory of money", "Value of money", "Sargent-Wallace theory of money"; "N11 - Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: U.S.; Canada: Pre-1913", "E51 - Money Supply; Credit; Money Multipliers"; "Recent developments in monetary economics stress the nature of monetary injections, emphasizing that these have implications for the relationship between money and prices. In constrast, traditional approaches posit stable money demand functions that are independent of how money is injected. The former approach implies that certain proportionality relations between money and prices need not obtain. This permits the two approaches to be empirically distinguished, but only if an appropriate \"experiment\" is conducted. The colonial period is one such experiment. Colonial evidence suggests that the nature of injections is crucial to the effect on prices of changes in the money supply."^^; "1985-04"; "2018-03-13T20:17:11.262198788+00:00"^^; "https://doi.org/10.21034/wp.245"; ; "19851200jpe9306"; "https://creativecommons.org/licenses/by-nc/4.0/"; "2020-05-05T19:44:22.225656872+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "735"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "245"; "Monetary injections", "Quantity theory of money", "Value of money", "Sargent-Wallace theory of money"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in _Journal of Political Economy_ (Vol. 93, No. 6, December 1985, pp. 1178-1211), https://www.jstor.org/stable/1833179."^^; ; "Publication" . ; .