Lars Jonung

Demand for Money

An Analysis of the Long-run Behavior of the Velocity of Circulation

• Gebundenes Buch

Produktbeschreibung

The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period

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Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 208
• Erscheinungstermin: 22. September 2017
• Englisch
• Abmessung: 231mm x 157mm x 15mm
• Gewicht: 658g
• ISBN-13: 9781138522107
• ISBN-10: 1138522104
• Artikelnr.: 50497875

Autorenporträt

Lars Jonung

Inhaltsangabe

Introduction
Evidence and theories of the long-run behavior of velocity
The institutional approach
The institutional approach: The long-run econometric evidence
Monetization and the behavior of velocity in Sweden, 1871-1913
The global evidence since the 1950s
The stochastic properties of velocity: Evidence for five countries
Conclusions and implications