Monetary aggregation theory and statistical index numbers. From: Federal Reserve Bank of St. Louis Review | Date: January 1, 1997| Author: Anderson, Richard G.; Jones, Barry E.; Nesmith, Travis D. | COPYRIGHT 1997 Federal Reserve Bank of St. Louis. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The microeconomic theory of monetary aggregation, which is founded on the aggregator functions of representative agents, was the basis for the Federal Reserve Bank of St. Louis' monetary service indexes and the Dept. of Commerce's measurements of real economic activity. The theory, when applied to a representative consumer's economic decision making function, generally requires the weak separation of monetary assets from other assets. The economic measurements of the Federal Reserve Bank and ...

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