Stability of Velocity in the Group of Seven Countries : A Kalman Filter Approach /

This paper estimates forecasting models using annual data for the income velocity of money in the G-7 countries. The predictions are conditional upon the realized value of the long-term domestic government bond rate. Such conditional forecasts did not deteriorate over the period 1980-1988 as compare...

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Dettagli Bibliografici
Autore principale: Bomhoff, Eduard
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1990.
Serie:IMF Working Papers; Working Paper ; No. 1990/080
Accesso online:Full text available on IMF