caa a22 4500 386331510 CHVBK 20180307111716.0 cr unu---uuuuu 161130e198912 xx s 000 0 eng 10.1017/S0022050700009487 doi S0022050700009487 pii (NATIONALLICENCE)cambridge-10.1017/S0022050700009487 Fisher Douglas Professor of Economics at North Carolina State University, Raleigh, NC 27695. The Price Revolution: A Monetary Interpretation [Elektronische Daten] [Douglas Fisher] This article presents tests of the role of money in the price revolution (1525-1618). The hypothesis is that American specie drove European prices, and that the mechanism was the quantity theory of money buttressed by the specie-flow mechanism. Specie entered Spain, increasing Spanish prices, and then spread over Western Europe as a result of the Spanish balance-of-payments deficit, enlarging European monetary bases and price levels. Empirical verification is achieved through Granger-causality tests. Copyright © The Economic History Association 1989 The Journal of Economic History Cambridge University Press 49/4(1989-12), 883-902 0022-0507 49:4<883 1989 49 JEH https://doi.org/10.1017/S0022050700009487 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0022050700009487 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Fisher Douglas Professor of Economics at North Carolina State University, Raleigh, NC 27695 NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 49/4(1989-12), 883-902 0022-0507 49:4<883 1989 49 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge