Bello, Yakubu. A.; Audu, Salihu; Ibrahim, Hamman; … - In: CBN journal of applied statistics 13 (2022) 1, pp. 163-207
This study computes Divisia monetary aggregates DM1, DM2, and DM3 for Nige- ria using the Tornqvist-Theil quantity … because the Divisia aggregates contain additional information in the form of user-costs and spending shares that are not … policy. It is therefore, recommended that the Divisia broad money index be used as complement to the simple sum broad money …