{"product_id":"velocity-v1-as-an-indicator-for-economic-policy-von-harold-van-den-ingh","title":"Velocity (V1) as an Indicator for Economic Policy","description":"\u003cp\u003eThe velocity of income (V1) is considered for the  United States over the past century, and more  thoroughly examined within the current context of  the financial crisis. With all inference based on 1  percent significance testing, a Granger Causality  relationship from velocity growth to real income  growth formalizes velocity''s importance. Its long-  and short-run behavior is estimated reserving a role  for previous empirical literature and current  extraordinary stimulating packages. Fiscal policy in  terms of public debt accumulation appears to be  substantially negatively influencing velocity  behavior. A negative Granger Causality linkage from  public debt growth to velocity growth makes a case  for a gradual run-down in public debt.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844327526\"\u003e\u003ch3\u003eBased on 1917-2010 US Data\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844327526","offer_id":39469991100509,"sku":"9783844327526","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/7e4fd855-6c8b-4255-bf85-36e1d95ea1eb.jpg?v=1737788136","url":"https:\/\/shop.autorenwelt.de\/en\/products\/velocity-v1-as-an-indicator-for-economic-policy-von-harold-van-den-ingh","provider":"Autorenwelt Shop","version":"1.0","type":"link"}