The Canadian experience with weighted monetary aggregates / by David Longworth and Joseph Atta-Mensah. : FB3-2/95-10E-PDF
This paper compares the empirical performance of Canadian weighted monetary aggregates (in particular, Fisher ideal aggregates) with the current summation aggregates, for their information content and forecasting performance in terms of prices, real output and nominal spending for the period 1971Q1 to 1989Q3. The properties of money-demand equations for these aggregates, particularly their temporal stability, are also examined. The major aggregates considered are M1, M2, M3, M2+, and their Fisher ideal counterparts. Also considered are M3+ (which adds near-bank deposits to M3) and two liquidity aggregates, as well as their Fisher ideal counterparts.--Abstract
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.571629&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | The Canadian experience with weighted monetary aggregates / by David Longworth and Joseph Atta-Mensah. |
| Series title | Bank of Canada working paper1701-939795-10 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "This paper compares the empirical performance of Canadian weighted monetary aggregates (in particular, Fisher ideal aggregates) with the current summation aggregates, for their information content and forecasting performance in terms of prices, real output and nominal spending for the period 1971Q1 to 1989Q3. The properties of money-demand equations for these aggregates, particularly their temporal stability, are also examined. The major aggregates considered are M1, M2, M3, M2+, and their Fisher ideal counterparts. Also considered are M3+ (which adds near-bank deposits to M3) and two liquidity aggregates, as well as their Fisher ideal counterparts."--Abstract. The ISBN (0-662-23910-5) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada October 1995. |
| Description | 77p.graphs, references, tables |
| ISSN | 1701-9397 |
| Catalogue number |
|
| Subject terms | Economy Currency |