His views on the omnipotence of monetary policy,let alone the adequacy of a simple quantity-of-money rule, haven't withstood the test of time.
North Korea's Kim Jong-il has likewise repeatedly and quite profitably exploited China's fears of large-scale outflows of North Koreans to extract, among other things, large quantities of food aid and technical, monetary and law enforcement assistance, and, last but far from least, a relatively soft stance on North Korea's nuclear program.
Given the difficulty of forecasting, and the "long and variable lags", as described in The Lag in Effect of Monetary Policy, in The Optimum Quantity of Money and Other Essays (1969), between adjusting monetary instruments and their effect on the economy, the likelihood that intervention, even if undertaken with the purest motives, would prove beneficial was slim.
The basic assumption behind the use of monetary incentives for increasing the quantity of crowdsensed data is that participants are motivated by the desire to increase financial gains and so tend to engage more in crowdsensing activities [1].
In fact, the Fed, like most economists, believes buying any quantity of bonds makes monetary policy more stimulative.
Some of the main propositions relating to the transmission of monetary changes are: The growth rate of the quantity of money is consistently, though not precisely, related to the growth rate of nominal income.
Comparison and choice of different simulated crop management systems raise the question of "monetary" versus "non-monetary" comparison and how to aggregate different quantities such as drainage, nitrogen fertilisers, labour, etc. Different examples are given to illustrate the GSEC loop on the basis of research programs conducted in France.
Any measure of effect was considered, including quality of life, resource use, monetary values or other quantities of interest.
Journal of Monetary Economics.
It is another form of monetary activism.
