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Routledge Demand for Money: Velocity of Circulation Analysis - Bordo & Jonung

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Description

Explore the long-run behavior of money velocity in this seminal economic analysis by Michael D. Bordo and Lars Jonung, originally published as The Long-Run Behavior of the Velocity of Circulation. This Routledge study examines the income velocity of money-the inverse measure of demand for money balances-using statistical data, econometric estimation techniques, and meticulous historical analysis across an international setting. The work investigates why the ratio of money value of income to average money stock has changed over time, drawing on slow-moving economic, social, and institutional factors to provide comprehensive insights into monetary behaviour patterns and their implications for economic theory and policy.

Key Features

Bordo and Jonung's classic study combines statistical data with econometric estimation to analyse velocity patterns across different time periods.

This Routledge publication provides international comparative analysis of how money velocity has evolved within distinct economic contexts.

The work integrates meticulous historical analysis with modern economic methods to explain shifts in the demand for money balances.

Demand for Money examines long-run economic, social, and institutional factors that influence the circulation velocity of money.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
22 September 2017
Listed Since
08 December 2017

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