long-run behavior of velocity
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long-run behavior of velocity the institutional approach revisited by Michael D. Bordo

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Circular velocity of money -- Econometric models.,
  • Financial institutions.,
  • Money.,
  • Demand for money.,
  • Regression analysis.

Book details:

Edition Notes

StatementMichael D. Bordo, Lars Jonung.
SeriesNBER working paper series -- working paper no. 3204, Working paper series (National Bureau of Economic Research) -- working paper no. 3204.
ContributionsJonung, Lars., National Bureau of Economic Research.
The Physical Object
Pagination53 p. :
Number of Pages53
ID Numbers
Open LibraryOL22436901M

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The Long-Run Behavior of Velocity: The Institutional Approach Revisited Michael D. Bordo, Rutgers University and National Bureau of Economic Research Lars Jonung, Stockholm School of Economics In this article we provide evidence from annual data for the period that institutional variables are significant determinants of velocity in the United States, United Kingdom, Canada, Sweden Cited by: Journal of Monetary Economics 23 () North-Holland THE LONG-RUN BEHAVIOR OF THE VELOCITY OF CIRCULATION A Review Essay James D. HAMILTON* University of Virginia, Charlottesville, VA , USA U.S. inflation has remained low since despite a Cited by: 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 Behavior of the. Figure 1 displays the long-run behavior of the in- come velocity of the U.S. monetary aggregate Ml, using gross national product as the measure of in- come.3 It shows that Ml velocity declined secularly from until the end of World War II and has risen secularly since then.

Get this from a library! The Long-Run Behavior of Velocity: the Institutional Approach Revisited. [Michael D Bordo; Lars Jonung; National Bureau of Economic Research.] -- Abstract: In this paper we provide evidence using annual data for the period Abstract: to that institutional variables are significant determinants of Abstract: velocity in the United. Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. Downloadable! In this paper we provide evidence using annual data for the period to that institutional variables are significant determinants of velocity in the United States, United Kingdom, Canada, Sweden and Norway. This evidence supplements our earlier findings (Bordo and Jonung, Cambridge University Press, ) for annual data ending in the early 's. Demand for Money: An Analysis of the Long-Run Behavior of the Velocity of Circulation: Economics Books @ kauainenehcp.com Skip to main content. Try Prime Books. Go Search EN Hello, Sign in Account & Lists Sign in Account & Lists Orders Try Prime Cart.

"A Banking Explanation of the US Velocity of Money: ," IEHAS Discussion Papers , Institute of Economics, Centre for Economic and Regional Studies. Benk, Szilárd & Gillman, Max & Kejak, Michal, "A Banking Explanation of the US Velocity of Money: ," CEPR Discussion Papers , C.E.P.R. Discussion Papers. Jun 30,  · Buy Demand for Money by Lars Jonung from Waterstones today! Click and Collect from your local Waterstones or get FREE UK delivery on orders over £ An Analysis of the Long-run Behavior of the Velocity of Circulation (Paperback) Lars Jonung (author) Sign in to write a review The income velocity of money-an inverse measure of the Author: Lars Jonung. Sep 22,  · Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time Author: Lars Jonung. author Jonung, Lars LU and Bordo, Michael D. organization. Department of Economics publishing date type Book/Report publication status published subjectCited by: 9.