Some Problems of Money Demand

Jared J. Enzler, John Paulus, and Lewis Johnson

1976, No. 1

THE CURRENT ECONOMIC upturn has been characterized by unusually low
rates of money growth relative to the increase in nominal gross national
product. Even more surprising, the unusual rise in velocity has occurred
while short-term interest rates have remained largely unchanged or even
fallen slightly (see table 1).

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Some Problems of Money Demand

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Some Problems of Money Demand

Jared J. Enzler, JJE Jared J. Enzler Staff, Board of Governors of the Federal Reserve System John Paulus, and JP John Paulus Staff, Board of Governors of the Federal Reserve System Lewis Johnson LJ Lewis Johnson Staff, Board of Governors of the Federal Reserve System

Jared J. Enzler, John Paulus, and Lewis Johnson