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Monetary Assumptions From the Classical School Perspective

Author

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  • Liparã Daniel

    („Alexandru Ioan Cuza” University of Iaºi, Doctoral School of Economics)

Abstract

Out of all the ideas and assumptions regarding the money and monetary theory, the classical liberalism was the first major paradigm that contributed to the development of the quantity theory of money. This paper aims to express the first steps made by the Classical School economists in crystallization of the classical quantity theory. The interest rate is also studied in order to emphasize its effects over the macroeconomic stability. What was the role of money in Smith’s view? What is the relationship between money and interest rate? Does money have an impact over the economic activity?

Suggested Citation

  • Liparã Daniel, 2012. "Monetary Assumptions From the Classical School Perspective," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 572-575, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:572-575
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    More about this item

    Keywords

    money; interest rate; monetary policy; economic growth.;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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