HON Tai Yuen, KurtKurtHON Tai Yuen2016-06-112016-06-112015Journal of Economic and Social Thought, 2015, vol. 2(4), pp. 300-308.2149-0422http://hdl.handle.net/20.500.11861/2609Open access<br> This article was published in "Journal of Economic and Social Thought" in Vol. 2, Issue 4, p. 300-308.Includes bibliographical references.9 p.This paper is focused on a review of causality relationship between money, income, price and exchange rate. It reviews both the theoretical as well as empirical literature relevant to monetarism. The view insists on quantity theory of money, rational expectations, expectations and the neutrality of money, unanticipated money growth and unemployment, monetary policy game basic model, central bank behavior and credibility, sticky-price monetary model and vicious circle view of the international monetary system.enMonetarismMoneyIncomePriceExchange RatesMoney Mathematical models.Monetary policy Mathematical models.Peer Reviewed Journal Article