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 …
This 2022 Journal of Econometrics paper by Atsushi Inoue and Lutz Kilian develops a Bayesian decision-theoretic framework for reporting inference about an entire vector of structural VAR impulse …
This 2019 Journal of Econometrics paper by Andrea Carriero, Todd Clark, and Massimiliano Marcellino develops a computationally efficient Markov Chain Monte Carlo (MCMC) algorithm for estimating large …
This 2024 Journal of Econometrics paper by Dake Li, Mikkel Plagborg-Møller, and Christian K. Wolf asks a purely practical question rather than proposing a new estimator or identification scheme: when …
This 2014 Journal of Econometrics paper by Michael Belongia and Peter Ireland asks whether Barnett's (1980) decades-old critique of simple-sum monetary aggregation -- that adding up the nominal values …