The information content of monetary aggregates in the U.K. |
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| Authors: | R.W. Bailey M.J. Driscoll J.L. Ford A.W. Mullineux |
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| Affiliation: | University of Birmingham, Birmingham B15 2TT, UK |
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| Abstract: | This paper presents some results evaluating the information content of several monetary aggregates, formed as simple sums or as Divisia quantity indices. The former tend to dominate the latter; there is considerable support for the new, broader, official monetary aggregate PSL2. |
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