Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation by Lars Jonung

Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation

Lars Jonung

208 pages missing pub info (editions)

nonfiction business economics challenging informative medium-paced
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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. Why the magnitude of that ratio has ch...

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