Simple Sum Versus Divisia Monetary Aggregates
Author: Debashis Acharya
Publisher:
Published: 2000
Total Pages: 32
ISBN-13: 9788177910292
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Author: Debashis Acharya
Publisher:
Published: 2000
Total Pages: 32
ISBN-13: 9788177910292
DOWNLOAD EBOOKAuthor: Debashis Acharya
Publisher:
Published: 2006
Total Pages: 10
ISBN-13:
DOWNLOAD EBOOKThis paper attempts an empirical evaluation of Divisia moneyary aggregates for India ,constructed using four assets, viz, currency with the public, net demand deposits with banks, net time deposits with banks, and post office savings deposits. The performance of these aggregates in relation to simple sum aggregates is evaluated in terms of some standard tests such as the J-test, information content test, and the money demand test. The results suggest that the Divisia monetary aggregates have a clear edge over thei simple sum counterpart.
Author: M. Belongia
Publisher: Springer
Published: 2000-10-06
Total Pages: 331
ISBN-13: 0230288235
DOWNLOAD EBOOKThe 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.
Author: William A. Barnett
Publisher:
Published: 1981
Total Pages: 91
ISBN-13:
DOWNLOAD EBOOKAuthor: William A. Barnett
Publisher:
Published: 1982
Total Pages: 88
ISBN-13:
DOWNLOAD EBOOKAuthor: W.A. Barnett
Publisher: Elsevier Science Limited
Published: 2000-06-30
Total Pages: 712
ISBN-13: 9780444501196
DOWNLOAD EBOOKWilliam Barnett, the coeditor of this volume, introduced modern economic index number theory into monetary economics and this book comprises a focussed and unified collection of his most important publications in this area. It provides a clear and systematic development of the state-of-the-art in monetary and financial aggregation theory.
Author: Apostolos Serletis
Publisher: World Scientific
Published: 2006-08-08
Total Pages: 352
ISBN-13: 9814477907
DOWNLOAD EBOOKThis book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achieved by a rigorous use of microeconomic- and aggregation-theoretic foundations in the construction of monetary aggregates. It provides readers with key aspects of monetary economics and macroeconomics, including monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, the welfare cost of inflation, and nonlinear chaotic dynamics.This book offers the following conclusions: the simple-sum approach to monetary aggregation and log-linear money demand functions, currently used by central banks, are inappropriate for monetary policy purposes; the choice of monetary aggregation procedure is crucial in evaluating the welfare cost of inflation; the inter-related problems of monetary aggregation and money demand will be successfully investigated in the context of flexible functional forms that satisfy theoretical regularity globally, pointing the way forward to useful and productive research.
Author: Muzafar Shah Habibullah
Publisher: Routledge
Published: 2019-07-09
Total Pages: 211
ISBN-13: 042982436X
DOWNLOAD EBOOKFirst published in 1999, this volume examines the role and effects of financial liberalisation in ten deregulated Asian developing countries including Indonesia, Malaysia, Myanmar, Nepal, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan and Thailand. These areas experienced significant financial and economic changes between the ‘financially repressed economies’ of the 1970s through to the 1990s. Muzafar Shah Habibullah approaches this issue in two parts. Part 1 provides empirical evidence of relationships between monetary aggregates, nominal income and price level. In part 2, he offers an early attempt to evaluate the Divisia monetary aggregate as an alternative to the Simple-sum aggregate as an indicator for the financial and economic situation of Asian developing countries.
Author: William A. Barnett
Publisher:
Published: 1980
Total Pages: 26
ISBN-13:
DOWNLOAD EBOOKAuthor: C. James Hueng
Publisher: W.E. Upjohn Institute
Published: 2020-09-08
Total Pages: 133
ISBN-13: 0880996765
DOWNLOAD EBOOKPolicymakers and business practitioners are eager to gain access to reliable information on the state of the economy for timely decision making. More so now than ever. Traditional economic indicators have been criticized for delayed reporting, out-of-date methodology, and neglecting some aspects of the economy. Recent advances in economic theory, econometrics, and information technology have fueled research in building broader, more accurate, and higher-frequency economic indicators. This volume contains contributions from a group of prominent economists who address alternative economic indicators, including indicators in the financial market, indicators for business cycles, and indicators of economic uncertainty.