Nunes, Ana Bela; Aubyn, Miguel St.; Valerio, Nuno; … - ISEG - School of Economics and Management, GHES - … - 2011
This paper performs a long-run time series analysis of the behaviour of the income velocity of money in Portugal 1891-1998, and assesses the importance of both macroeconomic and institutional factors in shaping its path. We look for particularities of the Portuguese case in the international...