Specify the chain-weighted Divisia function for the monetary aggregate for your economy, derive its estimation equations and

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Specify the chain-weighted Divisia function for the monetary aggregate for your economy, derive its estimation equations and estimate the Divisia aggregate.

What tests would you use to select between your VES and Divisia estimates? Carry out at least two of them and discuss their results.

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Monetary Economics

ISBN: 9780415772099

2nd Edition

Authors: Jagdish Handa

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