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 …

This is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary … unified collection and discussion of W. A. Barnett's most important published papers on financial aggregation theory and …

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 … aggregation. The extension of that literature to risk with intertemporally non-separable preferences now has become available in a …

We extend the monetary-asset user-cost risk adjustment of Barnett, Liu, and Jensen (1997) and their risk … generate potentially larger and more accurate CCAPM user-cost risk adjustments than those found in Barnett, Liu, and Jensen … (1997). We show that the risk adjustment to a monetary asset’s user cost can be measured easily by its beta. We show that …

bases, model specifications and estimation techniques, the results are surprisingly robust; suggesting that the own rate of …

We investigate the theory and empirics of currency substitution and currency complementarity. Analytical tractability … Australian dollar’s substitution for the mark and complementarity with the yen, consistent with our theory that international … variables will in general affect the demand for domestic money. Our theory also predicts third-currency effects, and the data …