Polat, Umurcan - In: Journal of Central Banking Theory and Practice 7 (2018) 1, pp. 175-206
important to provide an alternative measure of the money supply. Hereby, the Divisia monetary aggregates which give different … weights to different assets have arisen as an alternative approach. In this study, a Divisia index is constructed to test its … predictive power on quantities and prices compared to its simple sum counterpart. Accordingly, a Divisia index is built-up for …