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.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2002:13
- Classification
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Wirtschaft
Index Numbers and Aggregation; Leading indicators
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Demand for Money
- Subject
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Monetary Aggregation
Weak Separability
Risk
- Event
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Geistige Schöpfung
- (who)
-
Binner, Jane
Elger, Thomas
de Peretti, Philipe
- Event
-
Veröffentlichung
- (who)
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Lund University, School of Economics and Management, Department of Economics
- (where)
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Lund
- (when)
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2002
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Binner, Jane
- Elger, Thomas
- de Peretti, Philipe
- Lund University, School of Economics and Management, Department of Economics
Time of origin
- 2002
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