Simple Sum Versus Divisia Monetary Aggregates
Author | : Debashis Acharya |
Publisher | : |
Total Pages | : 32 |
Release | : 2000 |
Genre | : Money supply |
ISBN | : 9788177910292 |
Download Simple Sum Versus Divisia Monetary Aggregates Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Simple Sum Vs Divisia Monetary Aggregates PDF full book. Access full book title Simple Sum Vs Divisia Monetary Aggregates.
Author | : Debashis Acharya |
Publisher | : |
Total Pages | : 32 |
Release | : 2000 |
Genre | : Money supply |
ISBN | : 9788177910292 |
Author | : Debashis Acharya |
Publisher | : |
Total Pages | : 10 |
Release | : 2006 |
Genre | : |
ISBN | : |
This 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 |
Total Pages | : 331 |
Release | : 2000-10-06 |
Genre | : Business & Economics |
ISBN | : 0230288235 |
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.
Author | : William A. Barnett |
Publisher | : |
Total Pages | : 96 |
Release | : 1981 |
Genre | : Index numbers (Economics) |
ISBN | : |
Author | : William A. Barnett |
Publisher | : |
Total Pages | : 88 |
Release | : 1982 |
Genre | : Banks and banking |
ISBN | : |
Author | : Apostolos Serletis |
Publisher | : World Scientific |
Total Pages | : 352 |
Release | : 2006-08-08 |
Genre | : Business & Economics |
ISBN | : 9814477907 |
This 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 | : W.A. Barnett |
Publisher | : Elsevier Science Limited |
Total Pages | : 712 |
Release | : 2000-06-30 |
Genre | : Business & Economics |
ISBN | : 9780444501196 |
William 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 | : Muzafar Shah Habibullah |
Publisher | : Routledge |
Total Pages | : 211 |
Release | : 2019-07-09 |
Genre | : Business & Economics |
ISBN | : 042982436X |
First 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 | : |
Total Pages | : 26 |
Release | : 1980 |
Genre | : Money |
ISBN | : |
Author | : Huw Pill |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 1994-10-01 |
Genre | : Business & Economics |
ISBN | : 1451940750 |
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.