Arbeitspapier

Is UK Risky Money Weakly Separable? A Stochastic Approach

Using non-parametric weak separability tests that are extended to allow for measurement errors in the data, a broad group of UK monetary assets is found to be weakly separable from consumer goods and leisure over the larger part of the nineties. Financial innovations have made assets with substantial interest rate risk (e.g. unit trusts) more liquid and recent developments in monetary aggregation theory dealt with risk and risk aversion in the calculation of user costs. It is, however, not possible to find any weakly separable group of assets that contains 'risky' assets in the current sample.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 2002:13

Klassifikation
Wirtschaft
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Demand for Money
Thema
Monetary Aggregation
Weak Separability
Risk

Ereignis
Geistige Schöpfung
(wer)
Binner, Jane
Elger, Thomas
de Peretti, Philipe
Ereignis
Veröffentlichung
(wer)
Lund University, School of Economics and Management, Department of Economics
(wo)
Lund
(wann)
2002

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Binner, Jane
  • Elger, Thomas
  • de Peretti, Philipe
  • Lund University, School of Economics and Management, Department of Economics

Entstanden

  • 2002

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