Template-Type:ReDIF-Paper 1.0  
Title:Divergent Trends in the Velocity of Money
Author-Name:Neumann, Manfred J. M., and Katrin Wesche
Author-Email: please search E-Mail here: http://www.wipol.uni-bonn.de/adressen.html
Author-Postal:  
Author-Phone:   
Author-Homepage:        
Classification-JEL:: E41
Keywords: Velocity of money
Abstract:This paper discusses alternative explanations of trends in the velocity of different money aggregates put
	forward in the literature. We make a fresh approach towards explaining changes in velocity trends by introducing a
	hypothesis on the distribution of money holdings. This leads to a number of new hypotheses about the impact of
	different kinds of structural change on the velocity of money, such as permanent immigration, rising unemployment or
	the growing importance of the services sector. We present some evidence for Germany that suggests that trend changes
	in the structure of the economy may have induced a negative velocity trend.
Length: pages
Creation-Date: 1995-07
Revision-Date: 
Handle: RePEc:bon:bonsfb:320