“…The cycle of money is the theory where the Q.E. method and also the Sensitivity Method have been applied (Aitken, 2019;Arai et al, 2018;Biernaski & Silva, 2018;Buonomo et al, 2020;Challoumis, 2018c;Diallo et al, 2021;Fernandez & Raine, 2019;Hasselman & Stoker, 2017;Hyeon Sik Seo & YoungJun Kim, 2020;Kananen, 2012;Khadzhyradieva et al, 2019;Kroth et al, 2020;Leckel et al, 2020;Loayza & Pennings, 2020;Montenegro Martínez et al, 2020;Nielsen et al, 2019;Ruiz et al, 2017;Scholvin & Malamud, 2020;Soboleva I.V., 2019;Syukur, 2020;Taub, 2015;Ustinovich & Kulikov, 2020;Watanabe et al, 2018). The Sensitivity Method is based on the concept of how sensitive is a variable.…”