Monetary Aggregation

William Barnett

Macroeconomics from University Library of Munich, Germany

Abstract: This entry on monetary aggregation will appear under that title in The New Palgrave Dictionary of Economics, 2nd edition, edited by Steven Durlauf and Lawrence Blume. The entry provides an up-to-date overview of state-of-the-art research on monetary aggregation and index number theory, from its origins in 1980 to the current time. At the end of this dictionary entry, emphasis is placed on ongoing research on extensions to risk and to multilateral aggregation within multicountry areas, such as the euro area. Research on monetary aggregation theory has been especially successful in solving the 'puzzles' that have appeared in the monetary economics literature over the past 35 years.

Keywords: monetary aggregation; Divisia index; money demand; monetary policy; dictionary; Divisia monetary aggregates (search for similar items in EconPapers)
JEL-codes: C22 C43 E41 G12 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2005-03-21
New Economics Papers: this item is included in nep-fin, nep-mac and nep-mon
Note: Type of Document - pdf; pages: 13
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

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Working Paper: Monetary Aggregation (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0503017

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