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of aggregated money / Paul Spindt -- A dispersion-dependency diagnostic test for aggregation error : with applications to … Zhou -- New indices of money supply and the flexible laurent demand system -- The new Divisia monetary aggregates / Paul A …. Spindt -- Consumer theory and the demand for money / Apostolos Serletis -- The regulatory wedge between the demand-side and …
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We derive fundamental new theory for measuring monetary service flows aggregated over countries within the European Monetary Union (EMU). We develop three increasingly restrictive approaches: (1) the heterogeneous agents approach, (2) the multilateral representative agent approach, and (3) the...
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