Money, liquid assets, velocity and monetary policy

Authors

  • G. GARVY

DOI:

https://doi.org/10.13133/2037-3643/11683

Keywords:

Liquid assets, GNP, velocity of money, US, monetary policy

Abstract

The present article analyses the significance of the rise in liquid assets in relation to GNP, the related increase in the velocity of money and the declining role of money as a financial asset in the U.S. economy. Moreover, the significance of these developments for monetary policy is considered. The author argues that far from being inimical to the execution of monetary policy, changes in velocity are actually another aspect of the system of checks and balances that characterize the operations of the economic system.

 

JEL: E40, E50, E52

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Published

2014-02-24

How to Cite

GARVY, G. (2014). Money, liquid assets, velocity and monetary policy. PSL Quarterly Review, 17(71). https://doi.org/10.13133/2037-3643/11683

Issue

Vol. 17 No. 71 (1964)

Section

Editorial

License

 
 
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