Money and Velocity During Financial Crises: From the Great Depression to the Great Recession
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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
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美国国家经济研究局创建时间：
2016-03-01
