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-augmented Divisia inside monetary aggregates to the conventional Divisia monetary aggregates, at all levels of monetary aggregation …
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In this paper, we build on recent work by Serletis et al. (2010, in press) and report short- and long-run estimates of aggregate interfuel substitution for a number of OECD and non-OECD countries. In doing so, we use recent pooled intercountry data (since 1980), and state-of-the-art advances in...
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and to address the issue of optimal monetary aggregation in the United States. We address the problems of dimensionality … of the aggregation assumptions for all the money measures published by the Federal Reserve as well as for a large number …
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