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Applied Economics Letters Volume 23, 2016 - Issue 18
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Original Articles

Compression in monetary user costs in the aftermath of the financial crisis: implications for the Divisia M4 monetary aggregate

Ryan S. MattsonCollege of Business, West Texas A&M University, Canyon, TX, USA;Center for Financial Stability, New York City, NY, USACorrespondence[email protected]
&
Victor J. ValcarcelEPPS, University of Texas at Dallas, Richardson, TX, USA
Pages 1294-1300 | Published online: 07 Mar 2016

References

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  • Barnett, W., J. Liu, R. Mattson, and J. van den Noort. 2013. “The New CFS Divisia Monetary Aggregates: Design, Construction, and Data Sources.” Open Economies Review 24: 101–124. doi:10.1007/s11079-012-9257-1.
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  • Keating, J., L. Kelly, L. Smith, and V. Valcarcel 2014. “A Model of Monetary Policy Shocks for Financial Crises and Normal Conditions.” University of Kansas Working Paper.
  • Lindsey, D. E., A. Orphanides, and R. H. Rasche. 2013. “The Reform of October 1979: How It Happened and Why.” Federal Reserve Bank of St. Louis Review Nov 95 (6): 487–542.
  • Lucas, R. E., and J. P. Nicolini. 2015. “On the Stability of Money Demand.” Journal of Monetary Economics 73: 48–65. doi:10.1016/j.jmoneco.2015.03.005.
  • Serletis, A., and P. Gogas. 2014. “Divisia Monetary Aggregates, the Great Ratios, and Classical Money Demand Functions.” Journal of Money, Credit and Banking 46 (1): 229–241. doi:10.1111/jmcb.2014.46.issue-1.
  • Valcarcel, V. 2015. “Can Volatility Spillovers in Divisia User Costs Describe Monetary Transmission?” University of Texas at Dallas Working Paper.

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