the idiosyncratic terms. The idiosyncratic terms and the measurement errors reveal where the monetary indexes differ. We … inferences’ policy relevance, which is particularly dramatic at the broadest (M3) level of aggregation. Indeed, as Belongia (1996 …) has observed in this regard, “measurement matters.” …

idiosyncratic terms. The idiosyncratic terms and the measurement errors represent exactly where the monetary indexes differ. We find …

the idiosyncratic terms. The idiosyncratic terms and the measurement errors reveal where the monetary indexes differ. We … relevance of the inferences. Indeed, as Belongia (1996) has observed in this regard, "measurement matters." …

misunderstanding after another. The bad data produced by simple sum aggregation have contaminated research in monetary economics, have … aggregation theory, now exist, the usual official central bank data are not based on that better approach. While aggregation … throughout the world, the only central banks that currently make aggregation-theoretic monetary aggregates available to the …

daily and weekly data. Daily and weekly data are employed to show the effect of aggregation as it pertains to Google data …