Note of "Stocks" and "Flows" in Monetary Interest Theory
The Review of Economics and Statistics
1949
We had divided the demand for money during a period of time according to the method used to satisfy that demand: sale of goods, sale of securities, and keeping money already held. Obviously the first two constituents involve flow-analysis in the usual sense money, goods, and securities must change hands during the period to satisfy the demand for money. Nor is it the intention of the demanders to
- DOI
- 10.2307/1927865
- Volume
- 31 (2)
- Pages
- 145
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