Search Results - subject:"Monetary Aggregation"

Detecting signatures of stochastic self-organization in US money and velocity measures

Serletis, Apostolos; Uritskaya, Olga Y. - In: Physica A: Statistical Mechanics and its Applications 385 (2007) 1, pp. 281-291

over the time period from 1959:1 to 2006:2, at each of the four levels of monetary aggregation, M1, M2, M3, and MZM, making …

Persistent link: https://www.econbiz.de/10011061235

The Discounted Economic Stock of Money with VAR Forecasting

Barnett, William; Keating, John; Chae, Unja - In: Annals of Finance 2 (2006) 3, pp. 229-258

Persistent link: https://www.econbiz.de/10005701351

The Theory of Monetary Aggregation (book front matter)

Barnett, William; Serletis, Apostolos; Diewert, W. Erwin - EconWPA - 2005

This is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary … Aggregation, published in 2000 by Elsevier in its Contributions to Economic Anaysis mongraph series. The front matter includes the …

Persistent link: https://www.econbiz.de/10005125027

Monetary Aggregation

Barnett, William - EconWPA - 2005

This entry on monetary aggregation will appear under that title in The New Palgrave Dictionary of Economics, 2nd … on monetary aggregation and index number theory, from its origins in 1980 to the current time. At the end of this … multicountry areas, such as the euro area. Research on monetary aggregation theory has been especially successful in solving the …

Persistent link: https://www.econbiz.de/10005126328

Forecast Design in Monetary Capital Stock Measurement

Barnett, William; Chae, Unja; Keating, John - EconWPA - 2005

We design a procedure for measuring the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock. We permit non-martingale expectations and time varying discount rates. Based on...

Persistent link: https://www.econbiz.de/10005126463

The Discounted Economic Stock of Money with VAR Forecasting

Barnett, William; Chae, Unja; Keating, John - EconWPA - 2005

We measure the United States capital stock of money implied by the Divisia monetary aggregate service flow, in a manner consistent with the present-value model of economic capital stock. We permit non-martingale expectations and time varying discount rates. Based on Barnett’s (1991) definition...

Persistent link: https://www.econbiz.de/10005412591

On user costs of risky monetary assets

Barnett, William A.; Wu, Shu - In: Annals of Finance 1 (2005) 1, pp. 35-50

We extend the monetary-asset user-cost risk adjustment of Barnett, Liu and Jensen (1997) and their risk-adjusted Divisia monetary aggregates to the case of multiple non-monetary assets and intertemporal non-separability. Our model can generate potentially larger and more accurate CCAPM user-cost...

Persistent link: https://www.econbiz.de/10005701383

The UK Household Sector Demand for Risky Money

Elger, Thomas; Binner, Jane M. - In: Contributions in Macroeconomics 4 (2004) 1

in monetary aggregation theory have made it possible to account for interest rate risk in combination with risk aversion …

Persistent link: https://www.econbiz.de/10014588363

The UK Household Sector Demand for Risky Money

Elger, Thomas; Binner, Jane - In: Topics in Macroeconomics 4 (2004) 1, pp. 1136-1136

monetary aggregation theory have made it possible to account for interest rate risk in combination with risk aversion in the …

Persistent link: https://www.econbiz.de/10005086987

Intertemporally non-separable monetary-asset risk adjustment and aggregation

Barnett, William A.; Wu, Shu - EconWPA - 2004

Modern aggregation theory and index number theory were introduced into monetary economics by Barnett (1980). The widely used Divisia monetary aggregates were based upon that paper. A key result upon which the rest of the theory depended was Barnett’s derivation of the user-cost price of...

Persistent link: https://www.econbiz.de/10005412580

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