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The Enigma of the Velocity Decline

  • Richard A. Werner

Abstract

We now turn to what may be the single most disturbing enigma. Once again it not only concerns Japan, but has arisen in many countries and many time periods around the world. It is disturbing for economics as a theory and for economists as applied social scientists.

Keywords

Interest Rate Monetary Policy Fiscal Policy Money Supply Perfect Information 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Richard A. Werner 2005

Authors and Affiliations

  • Richard A. Werner

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