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The Construction of Continuity-Adjusted Monetary Aggregate Components

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  • Jeannie Kottaras
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    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.

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    File URL: http://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-22.pdf
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    Bibliographic Info

    Paper provided by Bank of Canada in its series Working Papers with number 03-22.

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    Length: 36 pages
    Date of creation: 2003
    Date of revision:
    Handle: RePEc:bca:bocawp:03-22

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    Related research

    Keywords: Monetary aggregates;

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    Cited by:
    1. Paul D. Gilbert & Lise Pichette, 2003. "Dynamic Factor Analysis for Measuring Money," Working Papers 03-21, Bank of Canada.

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