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Money and Velocity During Financial Crises: From the Great Depression to the Great Recession

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NBER2016-03-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w22100
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This study offers a single, consistent model that tracks the velocity of broad money (M2) since 1929, including the Great Depression, the global financial crisis, and the Great Recession. The model emphasizes the roles of changes in uncertainty and risk premia, financial innovation, and major
提供机构:
美国国家经济研究局
创建时间:
2016-03-01
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