misunderstanding after another. The bad data produced by simple sum aggregation have contaminated research in monetary economics, have … aggregation theory, now exist, the usual official central bank data are not based on that better approach. While aggregation … throughout the world, the only central banks that currently make aggregation-theoretic monetary aggregates available to the …

aggregation have contaminated research in monetary economics, have resulted in needless “paradoxes,” and have produced decades of … aggregation theory, now exist, the official central bank data most commonly used have not improved in most parts of the world …. While aggregation theoretic monetary aggregates exist for internal use at the European Central Bank, the Bank of Japan, and …

aggregation have contaminated research in monetary economics, have resulted in needless “paradoxes,” and have produced decades of … aggregation theory, now exist, the official central bank data most commonly used have not improved in most parts of the world …. While aggregation theoretic monetary aggregates exist for internal use at the European Central Bank, the Bank of Japan, and …

credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on …

credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on …

inferences’ policy relevance, which is particularly dramatic at the broadest (M3) level of aggregation. Indeed, as Belongia (1996 …