LAUSR

WHEN DOES MONETARY MEASUREMENT MATTER (MOST)?

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0 Published in 2018 at "Macroeconomic Dynamics"

DOI: 10.1017/s1365100518000779

Abstract: It has repeatedly been shown that properly constructed monetary aggregates based on index number theory (such as Divisia money) vastly outperform traditional measures of money (i.e. simple sum money) in empirical models. However, opponents of… read more here.

Keywords: policy; money; monetary measurement; measurement matter ... See more keywords