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Erschienen in:
2000 | OriginalPaper | Buchkapitel
Broad and Narrow Divisia Monetary Aggregates for Japan
verfasst von : Kazuhiko Ishida, Koji Nakamura
Erschienen in: Divisia Monetary Aggregates
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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An application of the Divisia aggregation theory to Japanese monetary data was first made by Ishida (1984). This paper argued for the use of Divisia monetary aggregates in the case of broadly-defined money (M2 + CDs, M3 + CDs), whereas for narrowly defined money (M1) it was found that the aggregation method made no significant difference in the chosen empirical applications.