Monetary Aggregation: A Reconciliation of Theory and Central Bank Practice

October 1, 1994

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Bank credit, Banking, Commercial banks, Consumption, Demand for money, Financial institutions, Monetary aggregates, Money, National accounts

Keywords: advantages Divisia, asset holder, Bank credit, Commercial banks, Consumption, Demand for money, Divisia measure, Monetary aggregates, money holding, Tornquist-Theil Divisia index, transactions model, transactions service, utility function, weighting scheme, WP

Pages:
22
Volume:
1994
DOI:
https://doi.org/10.5089/9781451940756.001
Issue:
118
Series:
Working Paper No. 1994/118
Stock No:
WPIEA1181994
ISBN:
9781451940756
ISSN:
1018-5941

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