کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5097405 | 1376587 | 2007 | 26 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Multilateral aggregation-theoretic monetary aggregation over heterogeneous countries
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
آمار و احتمال
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چکیده انگلیسی
We derive fundamental theory for measuring monetary service flows aggregated over countries within a multicountry area. We develop three increasingly restrictive approaches: (1) the heterogeneous agents approach, (2) the multilateral representative agent approach, and (3) the unilateral representative agent approach. These results are being used by the European Central Bank in construction of its Divisia monetary aggregates database, with convergence from the most general to the more restrictive approaches expected as economic convergence within the area proceeds. Our theory permits monitoring the effects of policy over a multicountry area, while also monitoring the distribution effects of policy among the countries.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Econometrics - Volume 136, Issue 2, February 2007, Pages 457-482
Journal: Journal of Econometrics - Volume 136, Issue 2, February 2007, Pages 457-482
نویسندگان
William A. Barnett,