Michael T. Belongia, James A. Chalfant
Abstract
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Michael T. Belongia and James A. Chalfant review the arguments about why M l velocity may have changed, then discuss more general issues about the construction of a measure of the money stock and the properties one would expect it to exhibit.
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Michael T. Belongia and James A. Chalfant review the arguments about why M l velocity may have changed, then discuss more general issues about the construction of a measure of the money stock and the properties one would expect it to exhibit.
Key concepts: Economics, Inflation (cosmology), Monetary economics, Physics, Theoretical physics