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Monetary Aggregation

Author

Listed:
  • 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.

Suggested Citation

  • William Barnett, 2005. "Monetary Aggregation," Macroeconomics 0503017, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0503017
    Note: Type of Document - pdf; pages: 13
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    File URL: http://econwpa.repec.org/eps/mac/papers/0503/0503017.pdf
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    References listed on IDEAS

    as
    1. Barnett, William A., 1978. "The user cost of money," Economics Letters, Elsevier, vol. 1(2), pages 145-149.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

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

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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