Barnett, William A.; He, Kun; He, Jingtong - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17
Simple sum monetary aggregates are based on accounting conventions and have no aggregation theoretic foundations in … economic theory. In contrast, Divisia monetary aggregates are directly derived from aggregation and index number theory. Credit … card services cannot be included in simple sum monetary aggregates since accounting conventions cannot aggregate over …
