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The Construction of Continuity-Adjusted Monetary Aggregate Components

Author

Listed:
  • Jeannie Kottaras

Abstract

Changes in the financial industry result in new data that are inconsistent with the former presentation, and therefore adjustments are required to "adjust" or smooth out these breaks to establish continuity. The author explains the methodology for newly calculated continuity adjustments to components of the monetary aggregates. Continuity adjustments have previously been done only for the aggregates themselves. The author lists the aggregates and their components and shows the adjustments that have been made.

Suggested Citation

  • Jeannie Kottaras, 2003. "The Construction of Continuity-Adjusted Monetary Aggregate Components," Staff Working Papers 03-22, Bank of Canada.
    • Handle: RePEc:bca:bocawp:03-22
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-22.pdf
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    Citations

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    Cited by:

    1. David Laidler & William B.P. Robson, 2004. "Two Percent Target: The Context, Theory, and Practice of Canadian Monetary Policy since 1991," C.D. Howe Institute Policy Studies, C.D. Howe Institute, number 20041, January.
    2. Paul Gilbert & Lise Pichette, 2003. "Dynamic Factor Analysis for Measuring Money," Staff Working Papers 03-21, Bank of Canada.
    3. repec:dgr:rugsom:05f10 is not listed on IDEAS
    4. Gilbert, Paul D. & Meijer, Erik, 2005. "Time Series Factor Analysis with an Application to Measuring Money," Research Report 05F10, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

    More about this item

    Keywords

    Monetary aggregates;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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