His two main research topics are monetary theory and policy and international economic relations.
His monetary theory influenced the Federal Reserve's response to the global financial crisis of 2007-08.
As in previous debates, he also addressed monetary theory.
Simple monetary theory assumes that the supply of money is independent of interest rates.
In particular a short book on monetary theory which should have been written eighteen months ago.
He was cited for his fundamental contributions to monetary theory and practice:
His influential early work on monetary theory and policy.
He has also written on various monetary theory and policy issues, including electronic money and inflation targeting.
This interpretation is often called the "monetary theory of value".
It also has implications for monetary theory not drawn out here.