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Note of "Stocks" and "Flows" in Monetary Interest Theory

William Fellner; Harold M. Somers

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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