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Showing 1 to 3 of 3 for “"Divisia monetary aggregates"”.
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Divisia Monetary Aggregates and Monetary Policy in a Small Open Economy
… and the recently developed credit-card-augmented Divisia monetary aggregates formula to construct monetary service indexes for Singapore. We produced state-of-the-art monetary service indexes from January 1991 to March 2021. We found that Divisia measures behave differently than simple sum …
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Measurement of the Credit Card Augmented Monetary Service Flows in the Economy
Under accounting conventions, monetary assets cannot be added to liabilities, for example, credit card balances, which are liabilities to consumers. However, from an innovative perspective proposed by Professor William A. Barnett, we perceive credit cards as transaction service providers, along …
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LINEAR AND NON-LINEAR TECHNIQUES FOR ESTIMATING THE MONEY DEMAND FUNCTION: THE CASE OF SAUDI ARABIA
… approaches using two different measures of monetary aggregates (Divisia and Simple-Sum monetary aggregates). The first approach is the conventional way, which is based on empirical literature where non-oil GDP is used as a measure for income. The second approach is the consumer demand …