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- W2505246979 abstract "With apologies to Mark Twain, reporting practices of modern central banks beg the expression, ‘Lies, damned lies, and monetary data.’ Although demonstrably wrong in their construction, simple-sum measures of the money stock continue to be the official data published by central banks and are used to guide policy decisions if monetary quantity variables are part of that process. Moreover, whether by tradition or ease of access, academic research also persists in using simple-sum monetary aggregates to test hypotheses about the effects of money on economic activity." @default.
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- W2505246979 date "2000-01-01" @default.
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- W2505246979 title "Introductory Comments, Definitions, and Research on Indexes of Monetary Services" @default.
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- W2505246979 doi "https://doi.org/10.1057/9780230288232_1" @default.
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