The velocity of circulation of money : empirical evidence for the United Kingdom 1870-1991
The equation of exchange is not in itself a theory of the demand for money. It can be argued that it is no more than an identity velocity determines the value of velocity. Given certain assumptions it can be a theory of the aggregate price level. One such supposition is that velocity is a constant,...
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| Format: | Thesis |
| Language: | English |
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1995
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| Online Access: | https://repository.londonmet.ac.uk/3110/1/283676.pdf |