One Divisia money for Europe?

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One Divisia money for Europe? / Drake, Leigh; Mullineux, Andy; Agung, Juda.

In: Applied Economics, Vol. 29, No. 6, 01.01.1997, p. 775-786.

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Drake, Leigh ; Mullineux, Andy ; Agung, Juda. / One Divisia money for Europe?. In: Applied Economics. 1997 ; Vol. 29, No. 6. pp. 775-786.

Bibtex

@article{ad6ad269225d48fea81ebe431bad352a,
title = "One Divisia money for Europe?",
abstract = "In 1992 the EU monetary authorities adopted a 'harmonized' broad money aggregate. The EMI was subsequently established to promote monetary policy coordination. This paper considers how broad money aggregates might be used to guide EU monetary policy and whether a 'Euro-Divisia' monetary index might provide a better guide than a 'Euro-simple-sum' aggregate. Our findings are based on data from the UK, France and Germany. They indicate that 'Euromoney' Granger-causes 'Euro-prices' and that the EuroDivisia monetary index is a better leading indicator of 'Euroinflation' than the Euro-simple-sum monetary aggregate.",
author = "Leigh Drake and Andy Mullineux and Juda Agung",
year = "1997",
month = jan,
day = "1",
doi = "10.1080/000368497326697",
language = "English",
volume = "29",
pages = "775--786",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Taylor & Francis",
number = "6",

}

RIS

TY - JOUR

T1 - One Divisia money for Europe?

AU - Drake, Leigh

AU - Mullineux, Andy

AU - Agung, Juda

PY - 1997/1/1

Y1 - 1997/1/1

N2 - In 1992 the EU monetary authorities adopted a 'harmonized' broad money aggregate. The EMI was subsequently established to promote monetary policy coordination. This paper considers how broad money aggregates might be used to guide EU monetary policy and whether a 'Euro-Divisia' monetary index might provide a better guide than a 'Euro-simple-sum' aggregate. Our findings are based on data from the UK, France and Germany. They indicate that 'Euromoney' Granger-causes 'Euro-prices' and that the EuroDivisia monetary index is a better leading indicator of 'Euroinflation' than the Euro-simple-sum monetary aggregate.

AB - In 1992 the EU monetary authorities adopted a 'harmonized' broad money aggregate. The EMI was subsequently established to promote monetary policy coordination. This paper considers how broad money aggregates might be used to guide EU monetary policy and whether a 'Euro-Divisia' monetary index might provide a better guide than a 'Euro-simple-sum' aggregate. Our findings are based on data from the UK, France and Germany. They indicate that 'Euromoney' Granger-causes 'Euro-prices' and that the EuroDivisia monetary index is a better leading indicator of 'Euroinflation' than the Euro-simple-sum monetary aggregate.

UR - http://www.scopus.com/inward/record.url?scp=0007780436&partnerID=8YFLogxK

U2 - 10.1080/000368497326697

DO - 10.1080/000368497326697

M3 - Article

AN - SCOPUS:0007780436

VL - 29

SP - 775

EP - 786

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 6

ER -