f782d] #D.o.w.n.l.o.a.d* Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation - Lars Jonung #PDF! Online

[f782d] #R.e.a.d! @O.n.l.i.n.e~ Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation - Lars Jonung *PDF%

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 changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run

Title : Demand for Money: An Analysis of the Long-run Behavior of the Velocity of Circulation
Author : Lars Jonung
Language : en
Rating :
4.90 out of 5 stars
Type : PDF, ePub, Kindle
Uploaded : Apr 15, 2021
Book code : f782d

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