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A New Empirically Weighted Monetary Aggregate for the United States

✍ Scribed by Leigh Drake; Terence C. Mills


Book ID
119770090
Publisher
Oxford University Press
Year
2005
Tongue
English
Weight
246 KB
Volume
43
Category
Article
ISSN
0095-2583

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## Abstract This paper utilizes an approach to long‐run modelling proposed by Pesaran __et al__. (1996. Testing for the existence of a long run relationship. Mimeo, University of Cambridge) to develop an empirical weighted broad monetary aggregate for the UK. The properties of this new aggregate ar

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