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Monetary Aggregation

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Author Info

  • William Barnett

    (University of Kansas)

Abstract

This entry on monetary aggregation will appear under that title in The New Palgrave Dictionary of Economics, 2nd edition, edited by Steven Durlauf and Lawrence Blume. The entry provides an up-to-date overview of state-of-the-art research on monetary aggregation and index number theory, from its origins in 1980 to the current time. At the end of this dictionary entry, emphasis is placed on ongoing research on extensions to risk and to multilateral aggregation within multicountry areas, such as the euro area. Research on monetary aggregation theory has been especially successful in solving the 'puzzles' that have appeared in the monetary economics literature over the past 35 years.

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File URL: http://128.118.178.162/eps/mac/papers/0503/0503017.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0503017.

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Length: 13 pages
Date of creation: 21 Mar 2005
Date of revision:
Handle: RePEc:wpa:wuwpma:0503017

Note: Type of Document - pdf; pages: 13
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Web page: http://128.118.178.162

Related research

Keywords: monetary aggregation; Divisia index; money demand; monetary policy; dictionary; Divisia monetary aggregates;

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  1. Barnett, William A., 1978. "The user cost of money," Economics Letters, Elsevier, vol. 1(2), pages 145-149.
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