Financial Innovation and Divisia Monetary Aggregates: Comment on Ford, Peng, Mullineux (1992) | Zendy

Spencer Peter | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

Financial Innovation and Divisia Monetary Aggregates: Comment on Ford, Peng, Mullineux (1992)

Author(s) -

Spencer Peter

Publication year - 1998

Publication title -

oxford bulletin of economics and statistics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 1.131

H-Index - 73

eISSN - 1468-0084

pISSN - 0305-9049

DOI - 10.1111/1468-0084.00098

Subject(s) - divisia index , weighting , argument (complex analysis) , economics , divisia monetary aggregates index , mathematical economics , face (sociological concept) , econometrics , keynesian economics , mathematics , statistics , philosophy , monetary policy , central bank , chemistry , physics , quantitative easing , biochemistry , linguistics , acoustics , energy (signal processing) , energy intensity

This note shows that there is an error in the mathematical argument deployed by Ford et al . (1992). Once this is corrected, we see that, remarkably, the standard opportunity cost based weighting system remains appropriate even in the face of non‐neutral technical change .

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research