Gogas, Periklis; Papadimitriou, Theophilos; Takli, Elvira - In: Economics Bulletin 33 (2013) 2, pp. 1101-1115
In this study we compare the forecasting ability of the simple sum and Divisia monetary aggregates with respect to U.S. gross domestic product. We use two alternative Divisia aggregates, the series produced by the Center for Financial Stability (CFS Divisia) and the ones produced by the Federal...
