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Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have … microeconomic aggregation or index number theory. However, most central banks in the world, including that of Singapore, the …
Persistent link: https://www.econbiz.de/10013201054
Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have … microeconomic aggregation or index number theory. However, most central banks in the world, including that of Singapore, the …
Persistent link: https://www.econbiz.de/10012626752
Persistent link: https://www.econbiz.de/10010531236
This note aims to identify the stable long-run relationships as well as unstable driving forces of the world economy using an aggregated approach involving the four largest currency blocks. The small global macromodel encompasses aggregated quarterly US, UK, Japanese and Euro Area data for the...
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This study constructs and examines the dynamics of theoretical and atheoretical measures of global liquidity, using monthly data on the components of broad money over the period 2001 M12-2017 M12 for 39 high income countries. We group the countries into five regional blocks as categorized by the...
Persistent link: https://www.econbiz.de/10012266648
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