Lars Jonung

Demand for Money (eBook, ePUB)

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

• Format: ePub

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

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 181
• Erscheinungstermin: 6. Februar 2018
• Englisch
• ISBN-13: 9781351522991
• Artikelnr.: 54034770

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