Abstract

This study proposes a new kind of monetary aggregates that explains the more moneyness of money assets than the simple sum monetary aggregates. Our primary purpose is to shed light on PLS modeling as a structural equation modeling (SEM) technique and to deliver guidelines for the use in money and banking. This article indentifies PLS monetary aggregates that have greater predictable power when forecasting economic activities as elements of monetary index numbers. Our findings suggest policymakers to adopt a more holistic perspective by using the SEM method based on the key objectives of monetary policy.

Keywords

Monetary policyEconomicsMonetary economicsPerspective (graphical)Monetary baseMoneynessIndex (typography)Structural equation modelingEconometricsComputer science

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Publication Info

Year
2010
Type
article
Volume
31
Issue
5
Pages
1113-1125
Citations
2
Access
Closed

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Cite This

Ju-Ann Yang, Shyan-Rong Chou, Hsien-Chao Cheng et al. (2010). Constructing a new monetary aggregates. Journal of Information and Optimization Sciences , 31 (5) , 1113-1125. https://doi.org/10.1080/02522667.2010.10700015

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DOI
10.1080/02522667.2010.10700015