LEADER 03338nam 2200613 450 001 9910819965203321 005 20240131204536.0 010 $a1-4438-5333-X 035 $a(CKB)2550000001128025 035 $a(StDuBDS)AH25702781 035 $a(SSID)ssj0001152166 035 $a(PQKBManifestationID)11681999 035 $a(PQKBTitleCode)TC0001152166 035 $a(PQKBWorkID)11145307 035 $a(PQKB)10486630 035 $a(MiAaPQ)EBC1477554 035 $a(Au-PeEL)EBL1477554 035 $a(CaPaEBR)ebr10778134 035 $a(CaONFJC)MIL528659 035 $a(OCoLC)859833990 035 $a(FINmELB)ELB148019 035 $a(EXLCZ)992550000001128025 100 $a20131022d2013 uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAdvances in monetary policy design $eapplications to the gulf monetary union /$fby William A. Barnett and Ryadh M. Alkhareif 205 $a1. 210 1$aNewcastle upon Tyne, UK :$cCambridge Scholars Publishing,$d2013. 215 $a1 online resource (145 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4438-4829-8 311 $a1-299-97408-2 320 $aIncludes bibliographical references. 330 8 $aIn response to the recent financial crisis, many countries have initiated monetary stimulus packages. Maintaining proper measures of monetary aggregates is of particular importance for such economic policies. However, many central banks worldwide use the simple-sum monetary indexes, which ignore the liquidity characteristics of financial assets. Using the simple-sum indexes can produce misleading information, especially for broad monetary aggregates within which financial assets are not likely to be perfect substitutes. - - This book focuses on alternative economic stability indicators, and outlines the methods for constructing proper monetary and financial indicatorsknown as Divisia indexes. The Divisia monetary indexes are designed to measure accurately the liquidity in the economy by assigning different weights to different financial assets according to their usefulness in transactions. This book is highly relevant to economists interested in monetary policy and the construction of core inflation indicators and proper monetary indexes, in accordance with aggregation and index number theory. This book is the first to publish Divisia-based money supply indexes and core inflation indicators for the Gulf Cooperation Council (GCC) countries and for the Gulf Monetary Union. Researchers who use the financial data published by GCC central banks can use our indexes and findings to examine the interactions among the relevant macro-economic variables. - - 606 $aMonetary policy$zGreat Britain 606 $aInterest rates$xGovernment policy$zGreat Britain 606 $aMonetary policy 606 $aInterest rates 615 0$aMonetary policy 615 0$aInterest rates$xGovernment policy 615 0$aMonetary policy. 615 0$aInterest rates. 676 $a145 700 $aBarnett$b William A$01121739 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910819965203321 996 $aAdvances in monetary policy design$93942062 997 $aUNINA