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Author: George Garvy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
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Author: George Garvy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 124
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Author: Lars Jonung
Publisher: Routledge
ISBN: 1351523007
Category : Business & Economics
Languages : en
Pages : 181
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Book Description
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 Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. 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 series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.
Author:
Publisher: Transaction Publishers
ISBN: 1412821452
Category : Business & Economics
Languages : en
Pages : 210
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Book Description
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 Velocity of Circulation." Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. 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 series properties of velocity. "Demand for Money" suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers. br> Michael D. Bordo is professor of economics and director of the Center for Monetary and Financial History at Rutgers University. He is editor of a series of books, "Studies in Macroeconomic History," and the author of "Essays on the Gold Standard and Related Regimes," and (with Anna J. Schwartz) "A Retrospective on the Classical Gold Standard 1821-1931." Lars Jonung is research adviser at ECFIN, European Commission, Brussels. He was previously professor of economics at the Stockholm School of Economics, and served as chief economic advisor to Prime Minister Carl Bildt from 1992 to 1994. Jonung is the author of "The Political Economy of Price Controls: The Swedish Experience 1970-1985," and editor of "The Stockholm School of Economics Revisited."
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 330
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Book Description
What is Velocity of Money The number of times that a single unit of currency is used to make purchases of goods and services within a specified amount of time is what is meant to be measured by the velocity of money. To put it another way, it refers to the number of times individuals exchange money. The idea establishes a connection between the level of economic activity and the amount of money that is available, and the rate at which money is exchanged is one of the factors that determines the level of inflation. The ratio of a country's gross national product (GNP) to its money supply is typically used as a measurement. This ratio is used to determine the velocity of money. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Velocity of money Chapter 2: Macroeconomics Chapter 3: Supply and demand Chapter 4: Inflation Chapter 5: Deflation Chapter 6: IS-LM model Chapter 7: Rational expectations Chapter 8: Phillips curve Chapter 9: Money supply Chapter 10: Aggregate demand Chapter 11: Quantity theory of money Chapter 12: Price level Chapter 13: Mundell-Fleming model Chapter 14: Equation of exchange Chapter 15: Supply (economics) Chapter 16: Demand for money Chapter 17: Monetary inflation Chapter 18: Baumol-Tobin model Chapter 19: McCallum rule Chapter 20: Monetary policy of the Philippines Chapter 21: Induced demand (II) Answering the public top questions about velocity of money. (III) Real world examples for the usage of velocity of money in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Velocity of Money.
Author: Roger John Williams
Publisher:
ISBN:
Category :
Languages : en
Pages : 160
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Author: FEDERAL RESERVE BANK OF ST. LOUIS.
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Author: Harrison C Hartman
Publisher: Infinity Publishing (PA)
ISBN: 9781495804274
Category : Business & Economics
Languages : en
Pages : 354
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Author: Joe Vitale
Publisher:
ISBN: 9781660781133
Category :
Languages : en
Pages : 256
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Book Description
Quick! How would you answer these?-What can you do right now if you're desperate?-What are 35 ways to attract money almost instantly?-What would be better than winning the lottery?-What are the Top 10 limiting beliefs about money?-Why is money like a hammer or saw?-What is the sole purpose of money?-How can you succeed - with nothing at all?-What could be secretly sabotaging your success?-What really works in attracting more money fast?Get the surprising answers in this incredible new book by globally famous bestselling author Dr. Joe Vitale. Once homeless, known to his millions of fans as "Mr. Fire!," Dr. Vitale is world-renowned for his numerous hit titles, such as The Attractor Factor, Zero Limits, and The Miracle. He is one of the top 50 most inspiring speakers in the world. He is a star in the blockbuster movie The Secret, as well as a dozen other films. He created Miracles Coaching(R), The Awakening Course, The Secret Mirror, Hypnotic Writing, Advanced Ho'oponopono, Zero Limits Mastery, The Miracles Mastermind and more. He lives outside of Austin, Texas with his love, Lisa Winston. See www.JoeVitale.com "Dr. Joe- you did it again!! You lovingly got in our face. You lovingly erased all excuses for not being rich. You essentially wrote an exacting prescription for anyone to be as prosperous as they choose. This is a thoughtful and comprehensive checklist written in your warm and conversational style. This could be the most effective book on creating one's own wealth I've ever come across, and I've read most of them. You reference the Arnold Patent quote, "The sole purpose of money is to express appreciation." May you receive massive appreciation for the simple secrets some seem to exercise with ease while others of us have fumbled in the dark for. Darkness be gone- the path is illuminated right here!! Thank you, Dr. Joe!!!"-Daniel Barrett, author, musician, CEO"Dr. Joe Vitale does it again. He combines big picture strategy with practical, step-by-step, tactics to attract instant money and long-term wealth - Money truly does love Speed!" -Eric Bakey, Professional Dog Trainer & Visual Facilitator "Confucius said, ""It does not matter how slowly you go as long as you do not stop." But in his new book Money Loves Speed, Joe Vitale makes the case that speed does matter--a lot. And he is right. Hope and desire only get you halfway there, and some people never get off the starting blocks. Swift action gets you to the finish line in time to enjoy your victories and reap what you sow while you are still young enough to enjoy it. Joe says it best in the introduction: "People who tend to act the fastest make the most money." And by reading Money Loves Speed and following its instructions, you can be one of those fast - and rich - people ... just like Joe!"-Bob Bly, copywriter, prolific author"Dr. Joe has written a masterpiece that not only shares incredible tools, wonderful stories, but more importantly acts as a beacon to the universe saying... I am open and ready to receive."- Guitar Monk Mathew Dixon
Author: Edgar Streeter Dunn
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 226
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Book Description
Author: Irving Fisher
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 24
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Book Description
