Title: | Velocity of M1 Money Stock |
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Series ID: | M1V |
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Source: | Federal Reserve Bank of St. Louis |
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Release: | Money Velocity (Not a Press Release) |
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Seasonal Adjustment: | Seasonally Adjusted |
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Frequency: | Quarterly |
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Units: | Ratio |
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Date Range: | 1959-01-01 to 2011-10-01 |
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Last Updated: | 2012-04-13 9:13 AM CDT |
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Notes: | Calculated as the ratio of quarterly nominal GDP |
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| (http://research.stlouisfed.org/fred2/series/GDP) to the quarterly | ||||
| average of M1 money stock |
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| Velocity is a ratio of nominal GDP to a measure of the money supply. | ||||
| It can be thought of as the rate of turnover in the money supply--that | ||||
| is, the number of times one dollar is used to purchase final goods and | ||||
| services included in GDP. |
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