Velocità di circolazione e offerta di moneta

Authors

  • G. MENGARELLI

DOI:

https://doi.org/10.13133/2037-3651/11861

Keywords:

Velocity, circulation of money, Fisher, money stocks, money flows

Abstract

After receiving a great deal of attention in the period from the end of the Second World War through the 1960s, in recent times the role of the velocity of the circulation of money (V) has been largely neglected. Recent studies seem in large part to be influenced by the original Fisherian preoccupation with demonstrating the stability of V, or at least its limited variability. The present analysis seeks to identify some autonomous reasons that can explain short-term variations of V, and shift the attention from money stocks to money flows.


JEL: E40

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Published

2014-03-26

Issue

Vol. 32 No. 125 (1979)

Section

Articoli

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