Year: 1987
Type: article
Abstract: G. J. Santoni describes an economic theory that shows how increases in wealth relative to income can produce reductions in the income velocity of money. He then considers whether the atypical behavior that income velocity has exhibited in recent years can be attributed to this cause.
Author: G.J. Santoni
Institution: Federal Reserve Bank of St. Louis
Language: English
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W1576359117