MACMILLAN Divisia Monetary Aggregates: Theory and Practice

The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice. The overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over. The book is the first volume-length study of empirical data and theoretical research on the subject. About the Author JOSEPH ATTA-MENSAH Senior Analyst, Bank of Canada WILLIAM A. BARNETT is the originator of the Divisia Monetary Aggregates and a Fellow of the American Statistical Association K. ALEC CHRYSTAL Professor of Monetary Economics, City University Business School and is presently on leave as Research Adviser at the Bank of England ROBERT E. DORSEY Associate Professor of Economics and Finance, University of Mississippi LEIGH DRAKE Reader, Economics Department, Loughborough University MARTIN M. G. FASE Deputy Director, Nederlandsche Bank ROBERT FLURI Deputy Head of Statistics Section, Swiss National Bank JEONG HO HAHM Deputy General Manager, Cheongju Branch, Bank of Korea HEINZ HERMANN Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main KAZUHIKO ISHIDA Bank of Japan NORBERT G. J. JANSSEN Analyst, Bank of England's Monetary Assessment and Strategy Division JUN TAE KIM Bank of Korea CLEMENS J.M. KOOL Professor of Money, Banking and European Financial Markets, University of Maastricht, Netherlands G.C. LIM Assistant Professor of Economics, University of Melbourne YI LIU Assistant Professor of Economics, University of South Alabama DAVID LONGWORTH Chief in the Bank of Canada Research Department VANCE L. MARTIN Reader in Economics, University of Melbourne KOJI NAKAMURA Bank of Japan HANS-EGGERT REIMERS Professor, Economics Department, Fachhochschule Wismar YEN CHRYSTAL SHIH Central Bank of China, Republic of Taiwan ERICH SPOERNDLI Director, Monetary Operations Division, Swiss National Bank KARL-HEINZ TOEDTER Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main