Title of article
A note on income velocity of money in a cash-in-advance economy with capital
Author/Authors
Jana Hromcov?، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1998
Pages
6
From page
91
To page
96
Abstract
A stochastic growth model with money introduced via a cash-in-advance constraint is used to analyze the income velocity of real balances. The variability of velocity arises because of the uncertainty about the realization of the state of the economy. Velocity corresponding to the range of values found in empirical data can be obtained.
Keywords
Income velocity: Endogenous growth , Cash-in-advance model
Journal title
Economics Letters
Serial Year
1998
Journal title
Economics Letters
Record number
434592
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