© 2000

Divisia Monetary Aggregates

Theory and Practice

  • Michael T. Belongia
  • Jane M. Binner

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introductory Comments, Definitions, and Research on Indexes of Monetary Services

  3. New Results in Theory and Practice

    1. Front Matter
      Pages 9-9
    2. William A. Barnett, Yi Liu
      Pages 11-27
  4. Evidence from European Economies and the Planned EMU Area

    1. Front Matter
      Pages 45-45
    2. Leigh Drake, K. Alec Chrystal, Jane M. Binner
      Pages 47-78
    3. Heinz Herrmann, Hans-Eggert Reimers, Karl-Heinz Toedter
      Pages 79-101
  5. Evidence from the Pacific Basin

    1. Front Matter
      Pages 171-171
    2. Kazuhiko Ishida, Koji Nakamura
      Pages 173-199
    3. Jeong Ho Hahm, Jun Tae Kim
      Pages 200-226
    4. Yen Chrystal Shih
      Pages 227-248
    5. G. C. Lim, Vance L. Martin
      Pages 249-262
  6. Evidence from North America

    1. Front Matter
      Pages 263-263
    2. David Longworth, Joseph Atta-Mensah
      Pages 265-291
  7. Back Matter
    Pages 313-321

About this book


The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice. The overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over. The book is the first volume-length study of empirical data and theoretical research on the subject.


Inflation money Switzerland

Editors and affiliations

  • Michael T. Belongia
    • 1
  • Jane M. Binner
    • 2
  1. 1.University of MississippiUSA
  2. 2.Department of Finance and Business Information SystemsNottingham Business SchoolUK

About the editors

JOSEPH ATTA-MENSAH Senior Analyst, Bank of Canada WILLIAM A. BARNETT is the originator of the Divisia Monetary Aggregates and a Fellow of the American Statistical Association K. ALEC CHRYSTAL Professor of Monetary Economics, City University Business School and is presently on leave as Research Adviser at the Bank of England ROBERT E. DORSEY Associate Professor of Economics and Finance, University of Mississippi LEIGH DRAKE Reader, Economics Department, Loughborough University MARTIN M. G. FASE Deputy Director, Nederlandsche Bank ROBERT FLURI Deputy Head of Statistics Section, Swiss National Bank JEONG HO HAHM Deputy General Manager, Cheongju Branch, Bank of Korea HEINZ HERMANN Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main KAZUHIKO ISHIDA Bank of Japan NORBERT G. J. JANSSEN Analyst, Bank of England's Monetary Assessment and Strategy Division JUN TAE KIM Bank of Korea CLEMENS J.M. KOOL Professor of Money, Banking and European Financial Markets, University of Maastricht, Netherlands G.C. LIM Assistant Professor of Economics, University of Melbourne YI LIU Assistant Professor of Economics, University of South Alabama DAVID LONGWORTH Chief in the Bank of Canada Research Department VANCE L. MARTIN Reader in Economics, University of Melbourne KOJI NAKAMURA Bank of Japan HANS-EGGERT REIMERS Professor, Economics Department, Fachhochschule Wismar YEN CHRYSTAL SHIH Central Bank of China, Republic of Taiwan ERICH SPOERNDLI Director, Monetary Operations Division, Swiss National Bank KARL-HEINZ TOEDTER Senior Economist, Research Department, Deutsche Bundesbank, Frankfurt am Main

Bibliographic information