https://www.federalreserve.gov/pubs/feds/2001/200154/200154pap.pdf

Data uncertainty and the role of money as an information variable for monetary policy

This is the publisher's version, also available electronically from http://www.jstor.org/stable/1831992

/pdf/the-new-divisia-monetary-aggregates-4om15gbk4i.pdf

The New Divisia Monetary Aggregates

Preface. Editors' Introduction. Part I: Monetary Index Number Theory and the Price of Money. Section 1.1: Editors' Overview of Part I (W.A. Barnett, A. Serletis). Section 1.2: Derivation of the User Cost of Monetary Services. Section 1.3: The Price of Monetary Services and Its Use in Monetary Index Number Theory. Part 2: Index Number Theory. Section 2.1: Editors' Overview of Part 2 (W.A. Barnett, A. Serletis). Section 2.2: General Index Number Theory. Section 2.3: Monetary Index Number Theory. Part 3: Extensions of Index Number Theory. Section 3.1: Editors' Overview of Part 3 (W.A. Barnett, A. Serletis). Section 3.2: Extensions to Second Moments. Section 3.3: Extensions to Risk. Section 3.3.1. Monetary Aggregation Theory Under Risk. Section 3.3.2 Monetary Index Number Theory Under Risk. Section 3.4: Extensions to Capitalized Money Stock Aggregation. Part 4: Consumer Monetary Aggregation Under Perfect Certainty. Section 4.1: Editors' Overview of Part 4 (W.A. Barnett, A. Serletis). Section 4.2: General Index Number Theory. Part 5: Demand and Supply Side Monetary Aggregation by Firms and Financial Intermediaries. Section 5.1: Editors' Overview of Part 5 (W.A. Barnett, A. Serletis). Section 5.2: Production and Supply Side. Section 5.3: Extensions to Risk. Part 6: Monetary Policy with Exact Monetary Aggregation. Section 6.1: Editors' Overview of Part 6 (W.A. Barnett, A. Serletis). Section 6.2: Monetary Policy. Section 6.3: Macroeconomic Policy. Data Appendix. Section A.1: Editors' overview of appendix (W.A. Barnett, A. Serletis). Section A.2: St. Louis Federal Reserve Bank data. Appendix A. Consolidated references. Index by name. Index by subject.

The Theory of Monetary Aggregation

Information indices: unification and applications

This paper develops a method for distilling the transactions role of the array of monetary assets available to the public into a single aggregate measure of effective transactions balances. The result is a monetary quantity index number, designated MQ, which corresponds closely with the monetary aggregate contemplated in the equation of exchange, MV = PQ. In general, MQ and the conventional aggregate M 1 exhibit strikingly similar behavior. However, during episodes when the behavior of M1 is "abnormal" relative to income and interest rates, MQ behaves differently from M 1. During these periods, anomalies in the behavior of MQ are not detectable.

Money Is What Money Does: Monetary Aggregation and the Equation of Exchange

Indicator and filter attributes of monetary aggregates: A nit-picking case for disaggregation

The measurement of money demand

All global measures do conceal information That is their virtue as well as their vice, and the task of science, in economics as elsewhere, is to find and devise aggregates which retain mostly essential information and discard mainly irrelevant information

M.E. Friar

Papers

Indicator and filter attributes of monetary aggregates: A nit-picking case for disaggregation

The measurement of money demand

Indicator and filter attributes of monetary aggregates: a nit-picking case for disaggregation

The measurement of money demand