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Solving the 1980s' velocity puzzle: a progress report

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  • Courtenay C. Stone
  • Daniel L. Thornton

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File URL: http://research.stlouisfed.org/publications/review/87/08/Solving_Aug_Sep1987.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of St. Louis in its journal Review.

Volume (Year): (1987)
Issue (Month): Aug ()
Pages: 5-23

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Handle: RePEc:fip:fedlrv:y:1987:i:aug:p:5-23

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Related research

Keywords: Money supply ; Velocity of money;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. A. Steven Holland, 1984. "Real interest rates: what accounts for their recent rise?," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 18-29.
  2. Michael R. Darby & William Poole & David E. Lindsey & Milton Friedman & Michael J. Bazdarich, 1987. "Recent Behavior Of The Velocity Of Money," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 1-33, 01.
  3. Dallas S. Batten & Daniel L. Thornton, 1985. "Are weighted monetary aggregates better than simple-sum M1?," Review, Federal Reserve Bank of St. Louis, issue Jun, pages 29-40.
  4. Rasche, Robert H., 1987. "M1 -- Velocity and money-demand functions: Do stable relationships exist?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 27(1), pages 9-88, January.
  5. William Barnett, 2005. "Monetary Aggregation," Macroeconomics 0503017, EconWPA.
  6. Helen T. Farr & Deborah Johnson, 1985. "Revisions in the monetary services (Divisia) indexes of monetary aggregates," Special Studies Papers 189, Board of Governors of the Federal Reserve System (U.S.).
  7. Daniel L. Thornton, 1983. "Why does velocity matter?," Review, Federal Reserve Bank of St. Louis, issue Dec, pages 5-13.
  8. John A. Tatom, 1983. "Was the 1982 velocity decline unusual?," Review, Federal Reserve Bank of St. Louis, issue Aug, pages 5-15.
  9. Robert L. Hetzel, 1987. "Will Recent High Growth Rates Of Money Revive Inflation?," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 41-53, 01.
  10. Mascaro, Angelo & Meltzer, Allan H., 1983. "Long- and short-term interest rates in a risky world," Journal of Monetary Economics, Elsevier, vol. 12(4), pages 485-518, November.
  11. Mack Ott, 1982. "Money, credit and velocity," Review, Federal Reserve Bank of St. Louis, issue May, pages 21-34.
  12. R. Alton Gilbert & A. Steven Holland, 1984. "Has the deregulation of deposit interest rates raised mortgage rates?," Review, Federal Reserve Bank of St. Louis, issue May, pages 5-15.
  13. Thornton, Daniel L & Batten, Dallas S, 1985. "Lag-Length Selection and Tests of Granger Causality between Money and Income," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 17(2), pages 164-78, May.
  14. Spindt, Paul A, 1985. "Money Is What Money Does: Monetary Aggregation and the Equation of Exchange," Journal of Political Economy, University of Chicago Press, vol. 93(1), pages 175-204, February.
  15. G.J. Santoni, 1987. "Changes in wealth and the velocity of money," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 16-26.
  16. Helen T. Farr & Deborah Johnson, 1985. "Revisions in the monetary services (Divisia) indexes of the monetary aggregates," Staff Studies 147, Board of Governors of the Federal Reserve System (U.S.).
  17. Bharat Trehan & Carl E. Walsh, 1987. "Portfolio Substitution And Recent M1 Behavior," Contemporary Economic Policy, Western Economic Association International, vol. 5(1), pages 54-63, 01.
  18. Richard W. Kopcke, 1986. "How erratic is money growth?," New England Economic Review, Federal Reserve Bank of Boston, issue May, pages 3-20.
  19. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
  20. Darby, Michael R, 1972. "The Allocation of Transitory Income Among Consumers' Assets," American Economic Review, American Economic Association, vol. 62(5), pages 928-41, December.
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Citations

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Cited by:
  1. William A. Barnett & Yi Liu & Haiyang Xu & Mark Jensen, 1996. "The CAPM Risk Adjustment Needed for Exact Aggregation over Financial Assets," Econometrics 9602003, EconWPA.
  2. Levi, Maurice D. & Venezia, Itzhak & Zhang, Yimin, 1996. "The velocity puzzle revisited: The effects of the housing and stock markets," Journal of Economics and Business, Elsevier, vol. 48(1), pages 23-32, February.
  3. Peter N. Ireland, 1991. "Financial evolution and the long-run behavior of velocity : new evidence from U.S. regional data," Economic Review, Federal Reserve Bank of Richmond, issue Nov, pages 16-26.
  4. Glennon, Dennis & Lane, Julia, 1996. "Financial innovation, new assets, and the behavior of money demand," Journal of Banking & Finance, Elsevier, vol. 20(2), pages 207-225, March.

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