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Keywords:Velocity of money 

Journal Article
Accelerating money growth: is M2 telling us something?

A look at the recent acceleration in M2, examining evidence that its velocity has stabilized around a new trend, analyzing the usefulness of money in monetary policy deliberations, and highlighting some of the pitfalls of ignoring money growth.
Economic Commentary , Issue Nov

Journal Article
The \"great velocity decline\" of 1982-83: a comparative analysis of M1 and M2

Economic Review , Issue Sum , Pages 56-77

Journal Article
Money, credit and velocity

Review , Volume 64 , Issue May , Pages 21-34

Working Paper
Money and finance in a model of costly commitment

Working Papers , Paper 94-25

Journal Article
The origins of velocity functions

Economic Quarterly , Issue Fall , Pages 1-18

Working Paper
Velocity in the 1980s: an analysis of interactions among monetary components

We use vector autoregressions to examine the behavior of the velocities of alternative monetary aggregates, focusing on the role of disinflation and deregulation during the 1980s. By estimating a single system that contains income, prices, interest rates and the components of M3, we are able to analyze how interactions among those components affect the behavior of the velocities of M1, M1A, and M3. The analysis suggests that other checkable deposits, the deregulated component of M1, behave more like the relatively liquid savings-type deposits in M2 than the transactions deposits in M1A. This ...
Working Papers in Applied Economic Theory , Paper 87-05

Journal Article
Monetary aggregates, monetary policy and economic activity

Review , Issue Mar , Pages 1-35

Working Paper
Velocity and the variability of money growth: evidence from Granger- causality tests reevaluated

Hall and Nobel (1987) use the Granger-causality test to show that volatility influences velocity, leading them to conclude that the recent decline in the velocity of Ml is due to increased volatility of money growth which is alleged to be caused by the Federal Reserve's new operating procedures. This note shows that such a conclusion is unwarranted, because the causality result reported in their paper is not robust. When the test is implemented either using first differences of the volatility variable or using the volatility and velocity variables that are based on the broad definition of ...
Working Paper , Paper 87-02

Journal Article
Monetary policy and velocity

FRBSF Economic Letter

Journal Article
Money's second dimension

FRBSF Economic Letter

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