Overview

The leading researchers from central banks and universities around the world debate issues central to the performance of Divisia monetary aggregates both in theory and in practice. The overall conclusion is that Divisia monetary aggregates outperform their simple sum counterparts in a wide range of applications the world over.

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MICHAEL T. BELONGIA is Hearin-Hess Professor of Economics and Finance, University of Mississippi. Prior to this appointment he served as economist and economic advisor at the Federal Reserve Bank of St. Louis. He also has served as consultant or visiting scholar at several central banks in Europe. JANE M. BINNER is Senior Lecturer in Finance at the Nottingham Business School. Her research comprises a diverse range of areas including artificial intelligence applications, game theory modelling in the Health and Retail sectors, application of advanced time series analysis techniques in the area of contract law and the evaluation of the econometric performance of the Divisia monetary aggregates across Europe as European Monetary Union gets underway.

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