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William A. Barnett

Oswald Distinguished Professor of Macroeconomics · University of Kansas

Oswald Distinguished Professor of Macroeconomics at the University of Kansas and Director of the Center for Financial Stability in New York. He is described as the originator of the Divisia monetary aggregates, and works on monetary aggregation, consumer demand and nonlinear dynamics.

2 papers tracked 2 classics ⌁ Follow this author

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Published Classic Journal of Econometrics Published Sep 1980

Economic Monetary Aggregates: An Application of Index Number and Aggregation Theory

William A. Barnett

This 1980 paper lays out the theoretical foundation for treating monetary aggregates such as M2 as genuine economic quantities and derives the Divisia index as the theoretically correct way to measure …

Divisia Aggregates Money Demand Aggregates

Published Classic Economics Letters Published Jan 1978

The User Cost of Money

William A. Barnett

This 1978 Economics Letters paper by William A. Barnett asks what the correct price of holding a monetary asset actually is -- the "user cost" or equivalent rental price of the liquidity services a …

Divisia Aggregates Money Demand Aggregates