The velocity puzzle revisited: the effects of the housing and stock markets

Article Abstract:

A study on the effects of housing and stock markets on the behavior of the income-velocity of money shows that previously unexplained activity can be attributed to housing transactions. The monetary settlement of the transactions affect money demand and velocity. Meanwhile, stock market transactions affect money on different aspects, specially with the presence of significant returns. These implications explain the behavior of money velocity in the 1980s.

Circular velocity of money

---

A reexamination of the efficiency of price and output indexed sovereign debt contracts

Article Abstract:

Debt repayment should be made obligatory but only to the extent that debtor countries have the ability to repay. Thus, it is important that a parameter which determines borrowers' repayment ability be developed. This kind of parameter emphasizes price rather than output indexation. While price indexation compels borrowers to invest the efficient level, output indexation calls for underinvestment.

External debt relief, Debt relief, Sovereign debt market

---

A reexamination of Mishkin's neutrality test

Article Abstract:

Mishkin's empirical paper in 1982 is very widely cited in macroeconomics. His conclusion that anticipated money growth has statistically significant effects on output and unemployment in the US is examined. Recent developments in econometrics indicate that Mishkin's model may be misspecified because it includes nonstationary variables. It was also found to have omitted variables.

Economic aspects, Unemployment, Macroeconomics

Similar abstracts:

• Abstracts: The trouble with stock options. Electronic trading in stock markets
• Abstracts: Hare and hedgehog revisited: the regulation of markets that have escaped regulated markets. Assigning the liability for past pollution: lessons from the US mining industry
• Abstracts: Corporate governance: the role of restructuring transactions. Corporate governance: some theory and implications
• Abstracts: The effects of attendance on student learning in principles of economics. Does who teaches principles of economics matter?
• Abstracts: The effects of attendance on student learning in principles of economics. part 2 Using alternative paradigms to teach about race and gender: a critical thinking approach to introductory economics

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.