Divisia broad money, financial regulation and the welfare cost of inflation

This paper argues that the welfare gains from reduced inflation calculated using Divisia broad money is biased upwards by the exclusion of Money Market Deposit Accounts from the Divisia index in the late 1970s and early 1980s.

Publication Details

Journal
Newcastle University ePrints (Newcastle Univesity)
Published
2025-09-04
DOI
https://doi.org/10.57711/0ja8-v888
Primary Topic
Geochemistry and Geologic Mapping
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Divisia broad money, financial regulation and the welfare cost of inflation

Newcastle University ePrints (Newcastle Univesity)
Geochemistry and Geologic Mapping
article

Divisia broad money, financial regulation and the welfare cost of inflation

article en

Abstract

This paper argues that the welfare gains from reduced inflation calculated using Divisia broad money is biased upwards by the exclusion of Money Market Deposit Accounts from the Divisia index in the late 1970s and early 1980s.

Newcastle University ePrints (Newcastle Univesity)
Decent work and economic growth
Openalex Percentile: Top 54%
Geochemistry and Geologic Mapping
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Divisia broad money, financial regulation and the welfare cost of inflation · Newcastle University ePrints (Newcastle Univesity) (2025) | TGRS Research Map | TGRS