The Relative Stability of Money and Credit "Velocities" in the United States: Evidence and Some Speculations
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Is credit as closely related to income as is money? Results presented in the first half of this paper, based on a variety of methodological approaches, consistently indicate that the aggregate of outstanding credit liabilities of all nonfinancial borrowers in the United States bears as close a
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美国国家经济研究局创建时间:
1981-03-01



