THE MONETARY AGGREGATES AND THE VELOCITY OF MONEY
Colleen W. Camerson
(Professor of Economics and International Business at The University of Southern Mississippi, Hattiesburg, MS.)
Regina Caveny
(Assistant Professor of Management Information Systems at The University of Southern Mississippi, Hattiesburg, MS.)
172
Abstract
The relationship between a new measure of money, called the Rational Transactional Aggregate (RTA), and economic activity was investigated using annual and quarterly data in selected macroeconomic models from 1973–1990. For prediction purposes, the money demand function including RTA which used lagged output changes and lagged interest rates showed the most promise.
Citation
Camerson, C.W. and Caveny, R. (1991), "THE MONETARY AGGREGATES AND THE VELOCITY OF MONEY", Studies in Economics and Finance, Vol. 14 No. 1, pp. 70-93. https://doi.org/10.1108/eb028700
Publisher
:MCB UP Ltd
Copyright © 1991, MCB UP Limited