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Divisia Monetary Aggregates M. Belongia

Divisia Monetary Aggregates By M. Belongia

Divisia Monetary Aggregates by M. Belongia


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Summary

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 overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over.

Divisia Monetary Aggregates Summary

Divisia Monetary Aggregates: Theory and Practice by M. Belongia

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 overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over. The book is the first volume-length study of empirical data and theoretical research on the subject.

About M. Belongia

JOSEPH ATTA-MENSAH Senior Analyst, Bank of Canada WILLIAM A. BARNETT is the originator of the Divisia Monetary Aggregates and a Fellow of the American Statistical Association K. ALEC CHRYSTAL Professor of Monetary Economics, City University Business School and is presently on leave as Research Adviser at the Bank of England ROBERT E. DORSEY Associate Professor of Economics and Finance, University of Mississippi LEIGH DRAKE Reader, Economics Department, Loughborough University MARTIN M. G. FASE Deputy Director, Nederlandsche Bank ROBERT FLURI Deputy Head of Statistics Section, Swiss National Bank JEONG HO HAHM Deputy General Manager, Cheongju Branch, Bank of Korea HEINZ HERMANN Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main KAZUHIKO ISHIDA Bank of Japan NORBERT G. J. JANSSEN Analyst, Bank of England's Monetary Assessment and Strategy Division JUN TAE KIM Bank of Korea CLEMENS J.M. KOOL Professor of Money, Banking and European Financial Markets, University of Maastricht, Netherlands G.C. LIM Assistant Professor of Economics, University of Melbourne YI LIU Assistant Professor of Economics, University of South Alabama DAVID LONGWORTH Chief in the Bank of Canada Research Department VANCE L. MARTIN Reader in Economics, University of Melbourne KOJI NAKAMURA Bank of Japan HANS-EGGERT REIMERS Professor, Economics Department, Fachhochschule Wismar YEN CHRYSTAL SHIH Central Bank of China, Republic of Taiwan ERICH SPOERNDLI Director, Monetary Operations Division, Swiss National Bank KARL-HEINZ TOEDTER Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main

Table of Contents

List of Figures List of Tables List of Contributors Introductory Comments, Definitions, and Research on Indexes of Monetary Services; M.T.Belongia PART I: NEW RESULTS IN THEORY AND PRACTICE Beyond the Risk-Neutral Utility Function; W.A.Barnett & Y.Liu Neutral Networks with Divisia Money: Better Forecasts of Future Inflation?; R.E.Dorsey PART II: EVIDENCE FROM EUROPEAN ECONOMIES AND THE PLANNED EMU AREA Weighted Monetary Aggregates for the U.K.; L.Drake, K.A.Chrystal & J.M.Binner Weighted Monetary Aggregates for Germany; H.Hermann, H.Reimers & K.Toedter Simple Sum v. Divisia Money in Switzerland: Some Empirical Results ; R.Fluri & E.Spoerndli The Relevance of Weighted Monetary Aggregates in the Netherlands; N.G.J.Janssen & C.J.M.Kool Divisia Aggregates and the Demand for Money in Core EMU; M.M.G.Fase PART III: EVIDENCE FROM THE PACIFIC BASIN Broad and Narrow Divisia Monetary Aggregates for Japan; K.Ishida & K.Nakamura The Signals from Divisia Money in a Rapidly-Growing Economy; J.H.Hahm & J.T.Kim Divisia Monetary Aggregates for Taiwan; Y.C.Shih Weighted Monetary Aggregates: Empirical Evidence for Australia; G.C.Lim & V.L.Martin PART IV: EVIDENCE FROM NORTH AMERICA The Canadian Experience with Weighted Monetary Aggregates; D.Longworth & J.Atta-Mensah Consequences of Money Stock Mismeasurement: Evidence from Three Countries; M.T.Belongia

Additional information

NPB9780333647448
9780333647448
0333647440
Divisia Monetary Aggregates: Theory and Practice by M. Belongia
New
Hardback
Palgrave Macmillan
2000-10-06
321
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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