Sud, Nandini - In: Journal of economic structures : JES; the official … 13 (2024), pp. 1-25
money velocity, defined as the ratio of nominal income to money. The purpose of the present study is to show that if short …-run cyclical factors are accounted for, money velocity function becomes stable and thus any change in monetary aggregates will lead … methodology to conduct empirical analysis. Findings show that money velocity and all its identified determinants exhibit pro …