References
- Batten, D. S. and Thornton, D. L. (1985) Weighted monetary aggregates as intermediate targets, Working Paper 85-010, Federal Reserve Bank of St Louis.
- Belongia , M. T. and Chalfant , J. A. 1989 . The changing empirical definition of money: some estimates from a model of the demand for money substitutes . Journal of Political Economy , 97 : 387 – 397 .
- Cooley , T. F. and LeRoy , S. F. 1985 . A theoretical macroeconomics: a critique . Journal of Monetary Economics , 16 : 283 – 308 .
- Farr, H. T. and Johnson, D.(1985) Revisions in the monetary services (Divisia) indexes of monetary aggregates, Special Studies Paper 189, Board of Governors of the Federal Reserve System.
- Fisher , I. 1982 . The Making of Index Numbers: A Study of Their Varieties, Tests, and Reliability , Boston : Houghton Mifflin .
- Friedman , M. and Schwartz , A. J. 1970 . Monetary Statistics of the United States: Estimates, Sources and Methods , New York : Columbia University Press .
- Hall , R. E. 1983 . “ Macroeconomic policy under structural change ” . In Industrial Change and Public Policy , Federal Reserve Bank of Kansas City .
- Kennickell, A.B.and DeMarco, G. B.(1986)Availability of data, sensitivity of calculation and possible, improvements in data collection for the MSI, MT and MQ indexes, Special Studies Paper 197, Board of governors of the Federal Reserve System.
- Lindsey, D. E. and Spindt, P. (1986) An evaluation of monetary indexes, Special Studies Paper 195, Board of Governors of the Federal Reserve System.
- Litterman, R. B. (1979) Techniques of forecasting using vector autoregressions, Working Paper 115, Federal Reserve Bank of Minneapolis.
- Litterman, R. B. (1980) Specifying vector autoregressions for macroeconomic forecasting, Staff Report 92, Federal Reserve Bank of Minneapolis.
- Litterman , R. B. 1986 . Forecasting with Bayesian vector autoregressions-Five Years of Experience . Journal of Business and Economic Statistics , 4 : 25 – 38 .
- Sims , C. A. 1982 . Policy analysis with econometric models . Brookings Papers on Economic Activity , 1 : 107 – 152 .
- Spindt , P. A. 1985 . Money is what money does: monetary aggregation and the equation of exchange . Journal of Political Economy , 93 : 175 – 204 .
- Theil , H. 1971 . Principles of Econometrics , New York : John Wiley .
- Theil , H. and Goldberger , A. S. 1961 . On pure and mixed statistical estimation in economics . International Economic Review , 2 : 65 – 78 .
- Tobin , J. 1983 . Monetary policy: rules, targets, and shocks . Journal of Money, Credit and Banking , 15 : 506 – 518 .
- Zellner , A. 1985 . Bayesian econometrics . Econometrica , 53 : 253 – 269 .