Money-Transaction-Income Process: Quantification of Quantity Theory of Money

  • Bijan Bidabad Professor, Economics and Chief Islamic Banking Advisor, Bank Melli, Iran
Keywords: Money, Quantity theory, Fisher, Transaction, Income


In this paper, we try to establish the relationship between money and income via transaction. In this regard, we use different processes of value-added production in the economy to find this lost chain in literature. According to our findings, we reformulate and generalize the quantity theory of money. Our empirical investigations confirm our model formulations.


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How to Cite
Bidabad, B. (2019). Money-Transaction-Income Process: Quantification of Quantity Theory of Money. Australian Finance & Banking Review, 3(1), 33-42.
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