English   español  
Por favor, use este identificador para citar o enlazar a este item: http://hdl.handle.net/10261/1802
COMPARTIR / IMPACTO:
Estadísticas
logo share SHARE   Add this article to your Mendeley library MendeleyBASE
Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:
Título

The Behavior of Money velocity in Low and High Inflation Countries

AutorRodríguez Mendizábal, Hugo
Palabras claveMoney Demand
Money Velocity
Cash-in-Advance
Fecha de publicación3-ene-2004
SerieUFAE and IAE Working Papers
600.04
ResumenThis paper presents a general equilibrium model of money demand where the velocity of money changes in response to endogenous fluctuations in the interest rate. The parameter space can be divided into two subsets: one where velocity is constant as in standard cash-in-advance models, and another one where velocity fluctuates as in Baumol (1952). The model provides an explanation of why, for a sample of 79 countries, the correlation between the velocity of money and the inflation rate appears to be low, unlike common wisdom would suggest. The reason is the diverse transaction technologies available in different economies.
URIhttp://hdl.handle.net/10261/1802
Aparece en las colecciones: (IAE) Informes y documentos de trabajo
Ficheros en este ítem:
Fichero Descripción Tamaño Formato  
60004.pdf218,28 kBAdobe PDFVista previa
Visualizar/Abrir
Mostrar el registro completo
 


NOTA: Los ítems de Digital.CSIC están protegidos por copyright, con todos los derechos reservados, a menos que se indique lo contrario.