Chinese Divisia Monetary Index and GDP Nowcasting
نویسندگان
چکیده
منابع مشابه
An Extended Series of Divisia Monetary Aggregates
rj-i I HE CONVENTION IN monetary economics has been to create monetary aggregates by simply adding together the dollar amounts of the various financial assets included in them. This is the simple-sum method of aggregation. This procedure has been criticized because such monetary aggregates are essentially indexes that weight each component financial asset equally, a practice that is economicall...
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the many helpful technical discussions that occurred during the work of this paper.
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A recent note by Merrilees [15] concludes that Divisia index numbers as employed in our studies of productivity change [ l l , 141 represent a new perspective on the analysis of productivity. Merrilees concludes further that Divisia index numbers are appropriate for the explanation of productivity change, but that they should not be used for measurement. In this note we examine and reject both ...
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ژورنال
عنوان ژورنال: Open Economies Review
سال: 2016
ISSN: 0923-7992,1573-708X
DOI: 10.1007/s11079-016-9406-z