Add to ORKGThis paper investigates the long and short run determinants of the velocity of broad money in five industrial countries. The velocities are first decomposed into their long run trend and short run cyclical components, using the multivariate stochastic detrending approach advanced by Vahid and Engle (1993) and Hecq, Palm, and Urbain (2000). The paper then offers evidence on the determinants of the trend and cyclical components for each of the sample countries. Our evidence indicates that while fundamentals explain velocity in the long run, short run velocity is impacted by shocks to the fundamentals and also by global contagion factors. (JEL
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
This paper examines the long-run relationship between currency movements and economic factors, inclu...
Innovations in the private financial sector influence the income velocity of money in an economy ove...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
Using monthly time-series data and both short-and long-run models, our paperexamines the determinant...
This paper re-examines the Friedman hypothesis that uncertainty about the future course of money sup...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
This paper investigates the causal linkages between velocity of money and both anticipated and unant...
The paper shows that US GDP velocity of money has exhibited long cycles around a 1.25% per year upwa...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
It is widely reported for many countries, including the UK, that income velocity has been highly var...
The paper functionally describes the income velocity of money by including the cost of a key substit...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
This paper examines the long-run relationship between currency movements and economic factors, inclu...
Innovations in the private financial sector influence the income velocity of money in an economy ove...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
Using monthly time-series data and both short-and long-run models, our paperexamines the determinant...
This paper re-examines the Friedman hypothesis that uncertainty about the future course of money sup...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
This paper investigates the causal linkages between velocity of money and both anticipated and unant...
The paper shows that US GDP velocity of money has exhibited long cycles around a 1.25% per year upwa...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
It is widely reported for many countries, including the UK, that income velocity has been highly var...
The paper functionally describes the income velocity of money by including the cost of a key substit...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
This paper examines the long-run relationship between currency movements and economic factors, inclu...
Innovations in the private financial sector influence the income velocity of money in an economy ove...