Nakano, Yuji; Okabe, Yasunori - In: Asia-Pacific Financial Markets 19 (2012) 4, pp. 371-389
The extended velocities of money given by the ratio of NGDP and M<Subscript>2</Subscript>+CD in Japan’s lost decade are analyzed through the non-linear time series analysis based upon the theory of KM<Subscript>2</Subscript>O-Langevin equations. The time series of logarithmic returns of some extended velocities of money are judged to have...</subscript></subscript>