Vztah mezi peněžní zásobou a inflací

Abstract

This thesis is about money, the quantity theory of money and the neutrality of money. It examines the impact of money supply M1 to economic indicators such as gross domestic product and inflation rate in five countries including United States of America, Canada, New Zealand, India and Turkey. Testing is carried out for the period from the year 1980 to the year 2013. The object of this thesis is to verify the validity of the neutrality of money and to confirm or refute the quantity theory of money in selected countries.