MODELS FOR MEASURING MONETARY BASE

VASIL KUTIN

 

Abstract

In the moment there are two major monetary indexes that are in use from the monetary authorities as standard for determining the money supply. The first is the apparent simple sum that is used by monetary policymakers. As is thought by the only name this index is the apparent summation on all components by is being given to them equal weight. It means that this index rested the speculation that the quality of money is one as well at the different monetary assets. This index was used since the quantity of the money was respected as well thereafter used wide as an important variable by the authorities and the analysts on the steams in the whole world. The other index is Division offered initially by Barnett. He rested the consumer bid of the different assets coming from the group theory, that is economic, and using the consumer value, to be received expenses based weight on the different parts.

 

Key words

money, monetary base, money supply, aggregation

 

References

Barnet, William, “Economic monetary aggregates: an applications of index number and aggregation theory”, 1980

Barnet, William, “The Divisia monetary aggregates”, 1991

Fisher, Stanley, “Money and production function”, 1974

Hendry, “Dinamic Econometrics”, 1995 5. Pesec, Boris, “Money, wealth and economic theory”. 1998

 

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