Where simple sum and Divisia monetary aggregates part: illustrations and evidence for the United States

Empirical studies of money continue to use the Federal Reserve's official simple sum indexes, apparently in the belief that their behavior differs little from patterns exhibited by superlative indexes of money. This paper illustrates specific periods when this assumption is refuted and offers explanations for why simple sum and superlative indexes of money are likely to move differently at economic turning points.

MoreLess

Year of publication:	2005-03
Authors:	Belongia, Michael

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Belongia, Michael (2005): Where simple sum and Divisia monetary aggregates part: illustrations and evidence for the United States.
Classification:	E51 - Money Supply; Credit; Money Multipliers ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	BASE

Persistent link: https://www.econbiz.de/10015219267