"Thus, these episodes come close to being controlled, laboratory experiments in which the independent variable, money growth, is deliberately manipulated holding all else constant and the dependent variable, inflation, responds as predicted by the theory."
Peter N. Ireland
http://irelandp.com/papers/crcsmdqt.pdf
In 2015 this comment was published in the Journal of Monetary Economics here:
http://www.sciencedirect.com/science/article/pii/S0304393215000434
Hmm... Maybe create an actual "controlled, laboratory experiment"??
Peter N. Ireland
http://irelandp.com/papers/crcsmdqt.pdf
In 2015 this comment was published in the Journal of Monetary Economics here:
http://www.sciencedirect.com/science/article/pii/S0304393215000434
Hmm... Maybe create an actual "controlled, laboratory experiment"??