Monetary Aggregation: A Reconciliation of Theory and Central Bank Practice

Mahmood Pradhan and Huw Pill

No 1994/118, IMF Working Papers from International Monetary Fund

Abstract: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Keywords: WP; transactions service; money holding; weighting scheme; Tornquist-Theil Divisia index; asset holder; transactions model; advantages Divisia; utility function; Divisia measure; Monetary aggregates; Demand for money; Bank credit; Consumption; Commercial banks (search for similar items in EconPapers)
Pages: 22
Date: 1994-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1994/118

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