Degree Name

Master of Arts

Department or Program



Gilbert, Scott D


This paper examines the classical theory of the relationship between the money supply, inflation, and output. The purpose of the paper is to determine empirically if the quantity theory of money holds true. Using regression analysis, one can observes if the theory is accurate. Taking data over time and from three separate countries, I used the ordinary least squares method to determine the correctness of the quantity theory of money. I used a large amount of other statistically methods to determine the preciseness of the theory.