Barnett, William A.; He, Kun; He, Jingtong - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-17
Simple sum monetary aggregates are based on accounting conventions and have no aggregation theoretic foundations in economic theory. In contrast, Divisia monetary aggregates are directly derived from aggregation and index number theory. Credit card services cannot be included in simple sum...
