Modern aggregation theory and index number theory were introduced into monetary economics by Barnett (1980). The widely … used Divisia monetary aggregates were based upon that paper. A key result upon which the rest of the theory depended was …

This is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary … unified collection and discussion of W. A. Barnett's most important published papers on financial aggregation theory and …

derived using any index or linear combination of the proxies that is created prior to the regression. To use an index created …. This procedure is also much more robust than ad hoc index construction to departures from the assumption of an underlying …

explain major factors determining the dynamics of the GDP deflator, consumer price index and producer price index during the …

, we analytically decompose the difference between the standard CPI and a democratically weighted index (ie, the CPI …

In this paper we develop an index for comparing the cost of doing business across several metropolitan areas in the U ….S. Such indices can be used as leading indicators of metropolitan economic growth. To create the index, we first identify …-based and pooled techniques to derive such an index. The index's variance decreases as the time horizon for which it is used …

and services comparable across areas, is a difficult task. In this paper we attempt to construct a cost-of-living index …

index. The governance index is computed as the weighted average of principal components of the standardized governance … therefore estimate the governance index on the basis of five indicators, such as crime rates, riots, industrial disputes and … strikes, Gini index, and debt-income ratio. Then we propose to explore whether the quality of governance determines …