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A Note on “Desired Money Balances” and Menu Costs

Jonathan Newman

The Quarterly Journal of Austrian Economics2025https://doi.org/10.35297/001c.141354article
AJG 1ABDC C
Weight
0.44

What the paper says

By Jonathan Newman. Responding to monetary disequilibrium theorists, Jonathan Newman argues that MDT leads to a price level illusion, and that market processes should be allowed to run their course without monetary injections.

3 citations

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https://doi.org/https://doi.org/10.35297/001c.141354

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@article{jonathan2025,
  title        = {{A Note on “Desired Money Balances” and Menu Costs}},
  author       = {Jonathan Newman},
  journal      = {The Quarterly Journal of Austrian Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.35297/001c.141354},
}

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A Note on “Desired Money Balances” and Menu Costs

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Evidence weight

0.44

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.57 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.