Chaotic analysis of US money and velocity measures |
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Authors: | Apostolos Serletis Ioannis Andreadis |
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Affiliation: | 1. University of California , Los Angeles, U.S.A.;2. Jet Propulsion Laboratory , Pasadena, California, U.S.A. |
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Abstract: | This paper uses tools from dynamical systems theory to investigate the properties of US money and velocity series. Comparisons are made between simple-sum, Divisia and currency equivalent aggregates (of M1, M2, M3, and L), using the Anderson et al. monthly data (from January 1960 to June 1996). |
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