A note on income velocity of money in a cash-in-advance economy with capital

被引：3
|
作者：
Hromcova, J [1 ]
机构：
[1] Univ Autonoma Barcelona, Dept Econ & Hist Econ, Bellaterra 08193, Barcelona, Spain
来源：
ECONOMICS LETTERS | 1998年 / 60卷 / 01期
关键词：
cash-in-advance model; income velocity; endogenous growth;
D O I：
10.1016/S0165-1765(98)00083-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
A stochastic growth model with money introduced via a cash-in-advance constraint is used to analyze the income velocity of real balances. The variability of velocity arises because of the uncertainty about the realization of the state of the economy. Velocity corresponding to the range of values found in empirical data can be obtained. (C) 1998 Elsevier Science S.A.
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页码：91 / 96
页数：6
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