Divisia Monetary Aggregates

Divisia Monetary Aggregates

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The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice. The overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over. The book is the first volume-length study of empirical data and theoretical research on the subject.Methodology To evaluate the degree to which limited data on money provides information for explaining in I„ation, two simple models were estimated. Throughout the following, it should be noted that a simple and constant design was chosen so that the information content of the monetary variables could be evaluated on an equal footing. Conversely, it is virtually certain in this context that the speciArc in I„ation errors of each model would be reduced by the adoption of more complexanbsp;...

Title:Divisia Monetary Aggregates
Author: M. Belongia, J. Binner
Publisher:Springer - 2000-10-06

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