Weighted Monetary Aggregates for the UK

Leigh Drake, K. Alec Chrystal and Jane M. Binner

Chapter 3 in Divisia Monetary Aggregates, 2000, pp 47-78 from Palgrave Macmillan

Abstract: Abstract At the conference in Oxford, Mississippi, it was tempting to locate the theme of the conference in the work of Oxford’s greatest son, and, indeed, one of the greatest literary figures of the twentieth century. William Faulkner. It is clear that Faulkner was a student of the economies of inflation … Why else would he have written a book on ‘Soldiers’ Pay’? It could also be that he anticipated the demise of monetarism in ‘As I Lay Dying’, though this more likely to be an allusion to the Keynesian medium term (since we know what happens to Keynesians in the long run!). No doubt he had Divisia in mind as the ‘Intruder in the Dust’. As far as this chapter is concerned, we shall anticipate the comments of our discussants by suggesting the potential parallel between this and ‘The Sound and the Fury’. This is a story told through the eyes of several different characters, one of whom is a congenital idiot. We shall leave it to others to identify which of us is Benji. Our learned discussants would, no doubt, wish to complete the line in William Shakespeare’s ‘Macbeth’, from which Faulkner drew his title: … ‘it is a tale told by an idiot, full of sound and fury, signifying nothing’.

Keywords: Interest Rate; Money Demand; Impulse Response Function; Monetary Aggregate; Building Society (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28823-2_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230288232

DOI: 10.1057/9780230288232_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().