Papers with keyword "Wealth-constrained agents"

Money demand, Divisia aggregate and share price volatility in the UK

Rakesh Bissoondeeal, Jane Binner

We investigate (i) the performance of the weighted monetary aggregate, Divisia, relative to its official Simple Sum counterpart in a money demand framework, and (ii) the impact of share prices and their volatility on these aggregates. We find that the …

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A Divisia user cost of money for emerging economies

John Nana Francois, Ryan S. Mattson

A growing literature on Divisia monetary aggregation focuses on emerging economies. Sizeable proportions of the populations of these economies face financial accessibility and wealth constraints. We propose a modified user-cost of money in an economic environment where a fraction of …

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Monetary Policy after the Global Crisis
How Important are Economic (Divisia) Monetary Aggregates for Economic Policy?
(in honour of William A. Barnett)
A conference from the WEA
19th February to 20th April, 2018

Papers with keyword "Wealth-constrained agents"

Money demand, Divisia aggregate and share price volatility in the UK

Rakesh Bissoondeeal, Jane Binner

A Divisia user cost of money for emerging economies

John Nana Francois, Ryan S. Mattson

Conference Sessions