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Divisia Monetary Aggregates : Theory and Practice - Michael T. Belongia

Divisia Monetary Aggregates

Theory and Practice

By: Michael T. Belongia (Editor), Jane M. Binner (Editor)

Hardcover

Published: 6th October 2000
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  • Paperback View Product Published: 6th October 2000
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The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice. The book is divided into four sections. The first contains two papers which present particularly new ideas and applications. The first, by William Barnett and his co-author, Yi Liu, takes the novel approach of incorporating the riskiness of an asset into the contraction of a Divisia aggregate. The second, by Robert Dorsey, presents the first application of neutral network technology to the Divisia index debate. the remaining three sections examine the Divisia issue from a geographical perspective. There are five papers on European issues, four papers from the Pacific Basin area and two papers in the final section covering the North American region. The overall conclusions are that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over.

Introductory Comments, Definitions, and Research on Indexes of Monetary Services
Beyond the Risk-Neutral Utility Function
Neural Networks with Divisia Money: Better Forecasts or Future Inflation?
Weighted Monetary Aggregates for the U.K.
Weighted Monetary Aggregates for Germany
Simple Sum v. Divisia Money in Switzerland: Some Empirical Results
The Relevance of Weighted Monetary Aggregates in the Netherlands
Divisia Aggregates and the Demand for Money in Core EMU
Broad and Narrow Divisia Monetary Aggregates for Japan
The Signals from Divisia Money in a Rapidly-Growing Economy
Divisia Monetary Aggregates for Taiwan
Weighted Monetary Aggregates: Empirical Evidence from Australia
The Canadian Experience with Weighted Monetary Aggregates
Consequences of Money Stock Mismeasurement: Evidence from Three Countries
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780333647448
ISBN-10: 0333647440
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 321
Published: 6th October 2000
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 21.6 x 14.0  x 2.5
Weight (kg): 0.58
Edition Number: 1