Macdonald, R. and Peel, David (1986) The velocity of money and the random walk hypothesis. Economics Letters, 20 (1). pp. 63-66. ISSN 0165-1765
Full text not available from this repository.Official URL: http://dx.doi.org/10.1016/0165-1765(86)90082-0
Abstract
In this note it is shown, using a simple money demand function and the assumption of rational expectations, that thevelocity of money may be expected to have a more complex time series representation than that proposed by other researchers. Thehypothesis is tested using quarterly U.K. data, over the period 1971 to 1982.
| Item Type: | Article |
|---|---|
| Journal or Publication Title: | Economics Letters |
| Subjects: | H Social Sciences > HB Economic Theory |
| Departments: | Lancaster University Management School > Economics |
| ID Code: | 55916 |
| Deposited By: | ep_importer_pure |
| Deposited On: | 17 Jul 2012 14:52 |
| Refereed?: | Yes |
| Published?: | Published |
| Last Modified: | 26 Jul 2012 20:44 |
| Identification Number: | |
| URI: | http://eprints.lancs.ac.uk/id/eprint/55916 |
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