Lars Jonung

Demand for Money (eBook, PDF)

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

• Format: PDF

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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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 181
• Erscheinungstermin: 6. Februar 2018
• Englisch
• ISBN-13: 9781351523004
• Artikelnr.: 54177271

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