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The velocity of money and the random walk hypothesis

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The velocity of money and the random walk hypothesis. / Macdonald, R.; Peel, David.
In: Economics Letters, Vol. 20, No. 1, 1986, p. 63-66.

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Macdonald R, Peel D. The velocity of money and the random walk hypothesis. Economics Letters. 1986;20(1):63-66. doi: 10.1016/0165-1765(86)90082-0

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Macdonald, R. ; Peel, David. / The velocity of money and the random walk hypothesis. In: Economics Letters. 1986 ; Vol. 20, No. 1. pp. 63-66.

Bibtex

@article{a03fea9988044e9896bf468a3ee126d1,
title = "The velocity of money and the random walk hypothesis",
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.",
author = "R. Macdonald and David Peel",
year = "1986",
doi = "10.1016/0165-1765(86)90082-0",
language = "English",
volume = "20",
pages = "63--66",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",

}

RIS

TY - JOUR

T1 - The velocity of money and the random walk hypothesis

AU - Macdonald, R.

AU - Peel, David

PY - 1986

Y1 - 1986

N2 - 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.

AB - 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.

U2 - 10.1016/0165-1765(86)90082-0

DO - 10.1016/0165-1765(86)90082-0

M3 - Journal article

VL - 20

SP - 63

EP - 66

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 1

ER -