Add to ORKGThis paper presents secular evidence on the income velocity of money balances. Under a variety of specifications and statistical techniques, employed on both traditional and non-traditional variables, the Friedman assertion that money is a superior good is found to lack empirical support. Indeed, income elasticities of demand for M2 balances of .3 to .45 are observed, elasticities much smaller than previously thought
Recently the Bundesbank claimed that monetary targeting has become considerably more dicult by the ...
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...
This paper presents secular evidence on the income velocity of money balances. Under a variety of s...
Time series and cross-country empirical results suggest that cash holding as a percentage of income ...
The equation of exchange is not in itself a theory of the demand for money. It can be argued that it...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
This paper critically re-evaluates some of the fundamental empirical claims about monetary behavior ...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
This paper re-examines the Friedman hypothesis that uncertainty about the future course of money sup...
This paper critically re-evaluates some of the fundamental empirical claims about monetary behavior ...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Recently the Bundesbank claimed that monetary targeting has become considerably more dicult by the ...
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...
This paper presents secular evidence on the income velocity of money balances. Under a variety of s...
Time series and cross-country empirical results suggest that cash holding as a percentage of income ...
The equation of exchange is not in itself a theory of the demand for money. It can be argued that it...
Using data from four countries, the paper tests Friedman\u27s hypothesis that the volatility of mone...
Since World War II, permanent interest rate shocks have driven nearly all of the fluctuations of U.S...
This paper critically re-evaluates some of the fundamental empirical claims about monetary behavior ...
This paper presents a general equilibrium model of money demand where the velocity of money changes ...
On the Long-run Determinants of Income Velocity of Money: A Sectoral Approach Up to now, moneta...
This paper re-examines the Friedman hypothesis that uncertainty about the future course of money sup...
This paper critically re-evaluates some of the fundamental empirical claims about monetary behavior ...
One of the current questions in the literature on the demand for money is whether the adjustment of ...
The paper shows that US GDP velocity of M1 money has exhibited long cycles around a 1.25% per year u...
Recently the Bundesbank claimed that monetary targeting has become considerably more dicult by the ...
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...