Xing, Xiaoyun; Xiong, Wanting; Chen, Liujun; Chen, Jiawei; … - 2018
afford their expenditures, only money circulation can be observed. However, as they are forced to borrow, the money … exponential form due to the random nature of exchanges. The velocity of money circulation is determined by the expending behavior …, the aggregate income can be decomposed into two parts: one comes from money circulation and the other from debt …