The Demand for Money and Velocity in Major OECD Countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In recent years the behaviour of the income velocity of money in major OECD economies has displayed considerable volatility for both narrow and broad monetary aggregates (Table 1). Velocity in a number of large OECD economies, for example, fell sharply in 1982. Most notably, declines in the income velocity of M1, M2 and M3 in the United States of...
