메뉴 건너뛰기




Volumn 93, Issue 5, 2011, Pages 325-360

A comprehensive revision of the U.S. monetary services (Divisia) indexes

Author keywords

[No Author keywords available]

Indexed keywords


EID: 80052559137     PISSN: 00149187     EISSN: None     Source Type: Journal    
DOI: 10.20955/r.93.325-360     Document Type: Article
Times cited : (49)

References (62)
  • 2
    • 33646437278 scopus 로고    scopus 로고
    • Revisions to User Costs for the Federal Reserve Bank of St. Louis Monetary Services Indices
    • November/December
    • Anderson, Richard G. and Buol, Jason. "Revisions to User Costs for the Federal Reserve Bank of St. Louis Monetary Services Indices." Federal Reserve Bank of St. Louis Review, November/December 2005, 87(6), pp. 735-749; http://research.stlouisfed.org/publications/review/05/11/AndersonBuol.pdf.
    • (2005) Federal Reserve Bank of St. Louis Review , vol.87 , Issue.6 , pp. 735-749
    • Anderson, R.G.1    Buol, J.2
  • 3
    • 70350676520 scopus 로고    scopus 로고
    • The Commercial Paper Market, the Fed, and the 2007-2009 Financial Crisis
    • November/December
    • Anderson, Richard G. and Gascon, Charles S. "The Commercial Paper Market, the Fed, and the 2007-2009 Financial Crisis." Federal Reserve Bank of St. Louis Review, November/December 2009, 91(6), pp. 589-612; http://research.stlouisfed.org/publications/review/09/11/Anderson.pdf.
    • (2009) Federal Reserve Bank of St. Louis Review , vol.91 , Issue.6 , pp. 589-612
    • Anderson, R.G.1    Gascon, C.S.2
  • 4
    • 80052575727 scopus 로고    scopus 로고
    • A Closer Look: Assistance Programs in the Wake of the Crisis
    • Anderson, Richard G. and Gascon, Charles S. "A Closer Look: Assistance Programs in the Wake of the Crisis." Federal Reserve Bank of St. Louis Regional Economist, January 2011, pp. 4-10; http://stlouisfed.org/publications/pub_assets/pdf/re/2011/a/bailouts.pdf.
    • (2011) Federal Reserve Bank of St. Louis Regional Economist , pp. 4-10
    • Anderson, R.G.1    Gascon, C.S.2
  • 5
    • 0039095163 scopus 로고    scopus 로고
    • Introduction to the St. Louis Monetary Services Index Project
    • January/February, reprinted in Barnett and Serletis (2000)
    • Anderson, Richard G.; Jones, Barry E. and Nesmith, Travis D. "Introduction to the St. Louis Monetary Services Index Project." Federal Reserve Bank of St. Louis Review, January/February 1997a, 79(1), pp. 25-29; reprinted in Barnett and Serletis (2000).
    • (1997) Federal Reserve Bank of St. Louis Review , vol.79 , Issue.1 , pp. 25-29
    • Anderson, R.G.1    Jones, B.E.2    Nesmith, T.D.3
  • 6
    • 0011746171 scopus 로고    scopus 로고
    • Monetary Aggregation Theory and Statistical Index Numbers
    • January/February
    • Anderson, Richard G.; Jones, Barry E. and Nesmith, Travis D. "Monetary Aggregation Theory and Statistical Index Numbers." Federal Reserve Bank of St. Louis Review, January/February 1997b, 79(1), pp. 31-51.
    • (1997) Federal Reserve Bank of St. Louis Review , vol.79 , Issue.1 , pp. 31-51
    • Anderson, R.G.1    Jones, B.E.2    Nesmith, T.D.3
  • 7
    • 0010426640 scopus 로고    scopus 로고
    • Building New Monetary Services Indices: Concepts, Data and Methods
    • January/February
    • Anderson, Richard G.; Jones, Barry E. and Nesmith, Travis D. "Building New Monetary Services Indices: Concepts, Data and Methods." Federal Reserve Bank of St. Louis Review, January/February 1997c, 79(1), pp. 53-82.
    • (1997) Federal Reserve Bank of St. Louis Review , vol.79 , Issue.1 , pp. 53-82
    • Anderson, R.G.1    Jones, B.E.2    Nesmith, T.D.3
  • 8
    • 0012949187 scopus 로고    scopus 로고
    • Retail Sweep Programs and Bank Reserves, 1994-1999
    • January/February
    • Anderson, Richard G. and Rasche, Robert H. "Retail Sweep Programs and Bank Reserves, 1994-1999." Federal Reserve Bank of St. Louis Review, January/February 2001, 83(1), pp. 51-72; http://research.stlouisfed.org/publications/review/01/0101ra.pdf.
    • (2001) Federal Reserve Bank of St. Louis Review , vol.83 , Issue.1 , pp. 51-72
    • Anderson, R.G.1    Rasche, R.H.2
  • 9
    • 0001185608 scopus 로고
    • The User Cost of Money
    • Barnett, William A. "The User Cost of Money." Economics Letters, 1978, 1(2), pp. 145-149.
    • (1978) Economics Letters , vol.1 , Issue.2 , pp. 145-149
    • Barnett, W.A.1
  • 10
    • 84980146507 scopus 로고
    • Economic Monetary Aggregates: An Application of Index Numbers and Aggregation Theory
    • Barnett, William A. "Economic Monetary Aggregates: An Application of Index Numbers and Aggregation Theory." Journal of Econometrics, Summer 1980, 14(1), pp. 11-48.
    • (1980) Journal of Econometrics, Summer , vol.14 , Issue.1 , pp. 11-48
    • Barnett, W.A.1
  • 11
    • 0001630502 scopus 로고
    • The Optimal Level of Monetary Aggregation
    • Barnett, William A. "The Optimal Level of Monetary Aggregation." Journal of Money, Credit, and Banking, 1982, 14(4 Part 2), pp. 687-710.
    • (1982) Journal of Money, Credit, and Banking , vol.14 , Issue.2-4 , pp. 687-710
    • Barnett, W.A.1
  • 14
    • 33845352378 scopus 로고    scopus 로고
    • Multilateral Aggregation-Theoretic Monetary Aggregation Over Heterogeneous Countries
    • Barnett, William A. "Multilateral Aggregation-Theoretic Monetary Aggregation Over Heterogeneous Countries." Journal of Econometrics, February 2007, 136(2), pp. 457-482.
    • (2007) Journal of Econometrics , vol.136 , Issue.2 , pp. 457-482
    • Barnett, W.A.1
  • 16
    • 79952444857 scopus 로고    scopus 로고
    • How Better Monetary Statistics Could Have Signaled the Financial Crisis
    • Barnett, William A. and Chauvet, Marcelle. "How Better Monetary Statistics Could Have Signaled the Financial Crisis." Journal of Econometrics, March 2011, 161(1), pp. 6-23.
    • (2011) Journal of Econometrics , vol.161 , Issue.1 , pp. 6-23
    • Barnett, W.A.1    Chauvet, M.2
  • 17
    • 0005605464 scopus 로고
    • New Concepts of Aggregated Money
    • Barnett, William A.; Offenbacher, Edward and Spindt, Paul. "New Concepts of Aggregated Money." Journal of Finance, May 1981, 36(2), pp. 497-505.
    • (1981) Journal of Finance , vol.36 , Issue.2 , pp. 497-505
    • Barnett, W.A.1    Offenbacher, E.2    Spindt, P.3
  • 20
    • 0001554634 scopus 로고    scopus 로고
    • Measurement Matters: Recent Results from Monetary Economics Reexamined
    • Belongia, Michael T. "Measurement Matters: Recent Results from Monetary Economics Reexamined." Journal of Political Economy, October 1996, 104(5), pp. 1065-1083.
    • (1996) Journal of Political Economy , vol.104 , Issue.5 , pp. 1065-1083
    • Belongia, M.T.1
  • 22
    • 80052555358 scopus 로고    scopus 로고
    • Board of Governors of the Federal Reserve System, Washington, DC: Federal Reserve Board
    • Board of Governors of the Federal Reserve System. 86th Annual Report 1999. Washington, DC: Federal Reserve Board, 2000; www.federalreserve.gov/boarddocs/rptcongress/annual99/ann99.pdf.
    • (2000) 86th Annual Report 1999
  • 24
    • 0001158708 scopus 로고
    • Intertemporal Consumer Theory and the Demand for Durables
    • Diewert, W.E. "Intertemporal Consumer Theory and the Demand for Durables." Econometrica, May 1974, 42(3), pp. 497-516.
    • (1974) Econometrica , vol.42 , Issue.3 , pp. 497-516
    • Diewert, W.E.1
  • 25
    • 11544266375 scopus 로고
    • Exact and Superlative Index Numbers
    • Diewert, W.E. "Exact and Superlative Index Numbers." Journal of Econometrics, May 1976a, 4(2), pp. 115-145.
    • (1976) Journal of Econometrics , vol.4 , Issue.2 , pp. 115-145
    • Diewert, W.E.1
  • 26
    • 0040725270 scopus 로고
    • Harberger's Welfare Indicator and Revealed Preference Theory
    • Diewert, W.E. "Harberger's Welfare Indicator and Revealed Preference Theory." American Economic Review, March 1976b, 66(1), pp. 143-152.
    • (1976) American Economic Review , vol.66 , Issue.1 , pp. 143-152
    • Diewert, W.E.1
  • 27
    • 0003089870 scopus 로고
    • Aggregation Problems in the Measurement of Capital
    • Dan Usher, ed, Chap. 11. Chicago: University of Chicago Press
    • Diewert, W.E. "Aggregation Problems in the Measurement of Capital," in Dan Usher, ed., The Measurement of Capital. Chap. 11. Chicago: University of Chicago Press, 1980, pp. 433-538.
    • (1980) The Measurement of Capital , pp. 433-538
    • Diewert, W.E.1
  • 28
    • 0002420834 scopus 로고
    • The Economic Theory of Index Numbers: A Survey
    • W.E. Diewert and A.O. Nakamura, eds, Amsterdam: North-Holland
    • Diewert, W.E. "The Economic Theory of Index Numbers: A Survey," in W.E. Diewert and A.O. Nakamura, eds., Essays in Index Number Theory. Volume 1, Chap. 7. Amsterdam: North-Holland, 1993, pp. 163-208; http://faculty.arts.ubc.ca/ediewert/indexch7.pdf.
    • (1993) Essays In Index Number Theory , vol.1 , pp. 163-208
    • Diewert, W.E.1
  • 29
    • 0013266936 scopus 로고
    • Modeling the Demand for Liquid Assets: An Application to Canada. International Monetary Fund
    • Donovan, Donal J. "Modeling the Demand for Liquid Assets: An Application to Canada." International Monetary Fund IMF Staff Papers, 1978, 25(4), pp. 676-704.
    • (1978) IMF Staff Papers , vol.25 , Issue.4 , pp. 676-704
    • Donovan, D.J.1
  • 30
    • 24144493147 scopus 로고    scopus 로고
    • A New Empirically Weighted Monetary Aggregate for the United States
    • Drake, Leigh M. and Mills, Terence C. "A New Empirically Weighted Monetary Aggregate for the United States." Economic Inquiry, January 2005, 43(1), pp. 138-157.
    • (2005) Economic Inquiry , vol.43 , Issue.1 , pp. 138-157
    • Drake, L.M.1    Mills, T.C.2
  • 31
    • 33749642681 scopus 로고    scopus 로고
    • Adjusted Monetary Aggregates and UK Inflation Targeting
    • Drake, Leigh M. and Fleissig, Adrian R. "Adjusted Monetary Aggregates and UK Inflation Targeting." Oxford Economic Papers, January 2006, 58(4), pp. 681-705.
    • (2006) Oxford Economic Papers , vol.58 , Issue.4 , pp. 681-705
    • Drake, L.M.1    Fleissig, A.R.2
  • 32
    • 3042645029 scopus 로고    scopus 로고
    • Recent Developments in Understanding the Demand for Money
    • Duca, John V. and VanHoose, David D. "Recent Developments in Understanding the Demand for Money." Journal of Economics and Business, 2004, 56(4), pp. 247-72.
    • (2004) Journal of Economics and Business , vol.56 , Issue.4 , pp. 247-272
    • Duca, J.V.1    Vanhoose, D.D.2
  • 33
    • 0037389526 scopus 로고    scopus 로고
    • Sweep Programs: The Fall of M1 and the Rebirth of the Medium of Exchange
    • Dutkowsky, Donald H. and Cynamon, Barry Z. "Sweep Programs: The Fall of M1 and the Rebirth of the Medium of Exchange." Journal of Money, Credit, and Banking, April 2003, 35(2), pp. 263-79.
    • (2003) Journal of Money, Credit, and Banking , vol.35 , Issue.2 , pp. 263-279
    • Dutkowsky, D.H.1    Cynamon, B.Z.2
  • 34
    • 30344468765 scopus 로고    scopus 로고
    • U.S. Narrow Money for the Twenty-First Century
    • Dutkowsky, Donald H.; Cynamon, Barry Z. and Jones, Barry E. "U.S. Narrow Money for the Twenty-First Century." Economic Inquiry, January 2006, 44(1), pp. 142-52.
    • (2006) Economic Inquiry , vol.44 , Issue.1 , pp. 142-152
    • Dutkowsky, D.H.1    Cynamon, B.Z.2    Jones, B.E.3
  • 35
    • 33748046469 scopus 로고    scopus 로고
    • Forecasting with Monetary Aggregates: Recent Evidence for the United States
    • Elger, C. Thomas; Jones, Barry E. and Nilsson, Birger. "Forecasting with Monetary Aggregates: Recent Evidence for the United States." Journal of Economics and Business, 2006, 58(5-6), pp. 428-446.
    • (2006) Journal of Economics and Business , vol.58 , Issue.5-6 , pp. 428-446
    • Thomas, E.C.1    Jones, B.E.2    Nilsson, B.3
  • 36
    • 84920497909 scopus 로고    scopus 로고
    • A Note on the Optimal Level of Monetary Aggregation in the United Kingdom
    • Elger, C. Thomas; Jones, Barry E.; Edgerton, David L. and Binner, Jane M. "A Note on the Optimal Level of Monetary Aggregation in the United Kingdom." Macroeconomic Dynamics, 2008, 12(1), pp. 117-131.
    • (2008) Macroeconomic Dynamics , vol.12 , Issue.1 , pp. 117-131
    • Thomas, E.C.1    Jones, B.E.2    Edgerton, D.L.3    Binner, J.M.4
  • 37
    • 80052586002 scopus 로고
    • Revisions in the Monetary Services (Divisia) Indexes of the Monetary Aggregates
    • Farr, Helen T. and Johnson, Deborah. "Revisions in the Monetary Services (Divisia) Indexes of the Monetary Aggregates." Board of Governors of the Federal Reserve System Staff Study No. 147, 1985; http://babel.hathitrust.org/cgi/pt?id=mdp.35128000918134.
    • (1985) Board of Governors of the Federal Reserve System Staff Study , Issue.147
    • Farr, H.T.1    Johnson, D.2
  • 38
    • 80052569922 scopus 로고    scopus 로고
    • Federal Reserve Statistical Release
    • Federal Reserve Statistical Release: H.6-Money Stock Measures. "Discontinuance of M3." March 23, 2006; www.federalreserve.gov/releases/h6/20060323/.
    • (2006) H.6-Money Stock Measures. Discontinuance of M3 , vol.23
  • 39
    • 3242767432 scopus 로고
    • Divisia Measures of Money." Bank of England
    • Fisher, Paul; Hudson, Suzanne and Pradhan, Mahmood. "Divisia Measures of Money." Bank of England Quarterly Bulletin, May 1993, 33(2), pp. 240-55.
    • (1993) Quarterly Bulletin , vol.33 , Issue.2 , pp. 240-255
    • Fisher, P.1    Hudson, S.2    Pradhan, M.3
  • 40
    • 0342530988 scopus 로고
    • Requiem for Regulation Q: What It Did and Why It Passed Away
    • Gilbert, R. Alton. "Requiem for Regulation Q: What It Did and Why It Passed Away." Federal Reserve Bank of St. Louis Review, February 1986, pp. 22-37; http://research.stlouisfed.org/publications/review/86/02/Requiem_Feb1986.pdf.
    • (1986) Federal Reserve Bank of St. Louis Review , pp. 22-37
    • Gilbert, R.A.1
  • 41
    • 77957026620 scopus 로고
    • The Demand For Money
    • In B.M. Friedman and F.H. Hahn, Eds, Amsterdam: Elsevier Science
    • Goldfeld, Stephen M. and Sichel, Daniel E. "The Demand for Money," in B.M. Friedman and F.H. Hahn, eds., Handbook of Monetary Economics. Volume 1, Chap. 8. Amsterdam: Elsevier Science, 1990, pp. 299-356.
    • (1990) Handbook of Monetary Economics , vol.1 , pp. 299-356
    • Goldfeld, S.M.1    Sichel, D.E.2
  • 42
    • 33646389424 scopus 로고    scopus 로고
    • Divisia Money
    • Spring
    • Hancock, Matthew. "Divisia Money." Bank of England Quarterly Bulletin, Spring 2005, pp. 39-46; www.bankofengland.co.uk/publications/quarterlybulletin/qb050103.pdf.
    • (2005) Bank of England Quarterly Bulletin , pp. 39-46
    • Hancock, M.1
  • 43
    • 28244493461 scopus 로고    scopus 로고
    • Superlative Index Numbers: Not All of Them Are Super
    • Hill, Robert J. "Superlative Index Numbers: Not All of Them Are Super." Journal of Econometrics, January 2006, 130(1), pp. 25-43.
    • (2006) Journal of Econometrics , vol.130 , Issue.1 , pp. 25-43
    • Hill, R.J.1
  • 45
    • 10244260309 scopus 로고    scopus 로고
    • Sweep Programs and Optimal Monetary Aggregation
    • Jones, Barry E.; Dutkowsky, Donald H. and Elger, C. Thomas. "Sweep Programs and Optimal Monetary Aggregation." Journal of Banking and Finance, 2005, 29(2), pp. 483-508.
    • (2005) Journal of Banking and Finance , vol.29 , Issue.2 , pp. 483-508
    • Jones, B.E.1    Dutkowsky, D.H.2    Elger, C.T.3
  • 46
    • 41049104688 scopus 로고    scopus 로고
    • Retail Sweep Programs and Monetary Asset Substitution
    • Jones, Barry E.; Fleissig, Adrian R.; Elger, C. Thomas and Dutkowsky, Donald H. "Retail Sweep Programs and Monetary Asset Substitution." Economics Letters, 2008, 99(1), pp. 159-63.
    • (2008) Economics Letters , vol.99 , Issue.1 , pp. 159-163
    • Jones, B.E.1    Fleissig, A.R.2    Thomas, E.C.3    Dutkowsky, D.H.4
  • 47
    • 0000688290 scopus 로고
    • Money, Credit and Prices in a Real Business Cycle
    • King, Robert G. and Plosser, Charles I. "Money, Credit and Prices in a Real Business Cycle." American Economic Review, June 1984, 74(3), pp. 363-380.
    • (1984) American Economic Review , vol.74 , Issue.3 , pp. 363-380
    • King, R.G.1    Plosser, C.I.2
  • 49
    • 80052558128 scopus 로고
    • Survey of Time and Savings Deposits at Commercial Banks, January 1979
    • Lefever, David M. "Survey of Time and Savings Deposits at Commercial Banks, January 1979." Federal Reserve Bulletin, May 1979, 65(5), pp. 387-392; http://fraser.stlouisfed.org/publications/frb/1979/download/61185/frb_051979.pdf.
    • (1979) Federal Reserve Bulletin , vol.65 , Issue.5 , pp. 387-392
    • Lefever, D.M.1
  • 50
    • 0000998118 scopus 로고    scopus 로고
    • Inflation and Welfare
    • Lucas, Robert E. Jr. "Inflation and Welfare." Econometrica, March 2000, 68(2), pp. 247-274.
    • (2000) Econometrica , vol.68 , Issue.2 , pp. 247-274
    • Lucas, R.E.1
  • 51
    • 0041107332 scopus 로고
    • The Recent Behavior of Demand Deposits
    • Mahoney, Patrick I. "The Recent Behavior of Demand Deposits." Federal Reserve Bulletin, April 1988, pp. 195-208; http://fraser.stlouisfed.org/publications/frb/page/32405/download/65063/32405_1985-1989.pdf.
    • (1988) Federal Reserve Bulletin , pp. 195-208
    • Mahoney, P.I.1
  • 52
    • 84984936492 scopus 로고
    • The Administration of Regulation Q
    • Ruebling, Charlotte E. "The Administration of Regulation Q." Federal Reserve Bank of St. Louis Review, February 1970, pp. 29-40; http://research.stlouisfed.org/publications/review/70/02/Administration_Feb1970.pdf.
    • (1970) Federal Reserve Bank of St. Louis Review , pp. 29-40
    • Ruebling, C.E.1
  • 53
    • 3242811276 scopus 로고    scopus 로고
    • Does Liquidity Matter? Properties of a Divisia Monetary Aggregate in the Euro Area
    • Stracca, Livio. "Does Liquidity Matter? Properties of a Divisia Monetary Aggregate in the Euro Area." Oxford Bulletin of Economics and Statistics, 2004, 66(3), pp. 309-331.
    • (2004) Oxford Bulletin of Economics and Statistics , vol.66 , Issue.3 , pp. 309-331
    • Stracca, L.1
  • 54
    • 0040239387 scopus 로고
    • The Composition and Construction of Monetary Aggregates
    • Swofford, James L. and Whitney, Gerald A. "The Composition and Construction of Monetary Aggregates." Economic Inquiry, October 1991, 29(4), pp. 752-761.
    • (1991) Economic Inquiry , vol.29 , Issue.4 , pp. 752-761
    • Swofford, J.L.1    Whitney, G.A.2
  • 55
    • 0002400678 scopus 로고
    • An Extended Series of Divisia Monetary Aggregates
    • November/December
    • Thornton, Daniel L. and Yue, Piyu. "An Extended Series of Divisia Monetary Aggregates." Federal Reserve Bank of St. Louis Review, November/December 1992, 74(6), pp. 35-52; http://research.stlouisfed.org/publications/review/92/11/Extended_Nov_Dec1992.pdf.
    • (1992) Federal Reserve Bank of St. Louis Review , vol.74 , Issue.6 , pp. 35-52
    • Thornton, D.L.1    Yue, P.2
  • 57
    • 0000273644 scopus 로고
    • The Nonparametric Approach to Demand Analysis
    • Varian
    • Varian, Hal R. "The Nonparametric Approach to Demand Analysis." Econometrica, July 1982, 50(4), pp. 945-73.
    • (1982) Econometrica , vol.50 , Issue.4 , pp. 945-973
    • Varian, H.R.1
  • 58
    • 0002158254 scopus 로고
    • Non-Parametric Tests of Consumer Behavior
    • Varian, Hal R. "Non-Parametric Tests of Consumer Behavior." Review of Economic Studies, January 1983, 50(1), pp. 99-110.
    • (1983) Review of Economic Studies , vol.50 , Issue.1 , pp. 99-110
    • Varian, H.R.1
  • 61
    • 77954296400 scopus 로고    scopus 로고
    • New Monetarist Economics: Methods
    • July/August
    • Williamson, Stephen and Wright, Randall. "New Monetarist Economics: Methods." Federal Reserve Bank of St. Louis Review, July/August 2010, 92(4), pp. 265-302; http://research.stlouisfed.org/publications/review/10/07/Williamson.pdf.
    • (2010) Federal Reserve Bank of St. Louis Review , vol.92 , Issue.4 , pp. 265-302
    • Williamson, S.1    Wright, R.2
  • 62
    • 78650243955 scopus 로고    scopus 로고
    • New Monetarist Economics: Models
    • Benjamin M. Friedman and Michael Woodford, Eds.,Amsterdam: North-Holland/Elsevier
    • Williamson, Stephen and Wright, Randall. New Monetarist Economics: Models," in Benjamin M. Friedman and Michael Woodford, eds., Handbooks in Economics: Monetary Economics. Volume 3A. Amsterdam: North-Holland/Elsevier, 2011, pp. 25-96.
    • (2011) Handbooks In Economics: Monetary Economics , vol.3 , pp. 25-96
    • Williamson, S.1    Wright, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.