{"id":"https://openalex.org/W2937558337","doi":"https://doi.org/10.34989/tr-48","title":"An Analysis of the Information Content of Alternative Monetary Aggregates","display_name":"An Analysis of the Information Content of Alternative Monetary Aggregates","publication_year":2021,"publication_date":"2021-10-14","ids":{"openalex":"https://openalex.org/W2937558337","doi":"https://doi.org/10.34989/tr-48","mag":"2937558337"},"language":"en","primary_location":{"id":"doi:10.34989/tr-48","doi":"https://doi.org/10.34989/tr-48","is_oa":true,"landing_page_url":"https://doi.org/10.34989/tr-48","pdf_url":null,"source":{"id":"https://openalex.org/S7407050688","display_name":"Bank of Canada Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I898769471","host_organization_name":"Bank of Canada","host_organization_lineage":["https://openalex.org/I898769471"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},"volume":null,"type":"article","indexed_in":["datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.34989/tr-48","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5035859834","display_name":"Doug Hostland","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Hostland, Doug","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087618683","display_name":"Stephen S Poloz","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Poloz, Stephen S.","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5053278230","display_name":"Paul Storer","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Storer, Paul","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.5125,"has_fulltext":false,"cited_by_count":24,"citation_normalized_percentile":{"value":0.84605059,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11918","display_name":"Forecasting Techniques and Applications","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-aggregates","display_name":"monetary aggregates","score":0.9929999709129333},{"id":"https://openalex.org/keywords/information-content","display_name":"information content","score":0.9300000071525574},{"id":"https://openalex.org/keywords/monetary-aggregation","display_name":"monetary aggregation","score":0.5080000162124634},{"id":"https://openalex.org/keywords/fisher-ideal-index","display_name":"Fisher ideal index","score":0.8999999761581421},{"id":"https://openalex.org/keywords/financial-variables","display_name":"financial variables","score":0.5509999990463257},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.6050000190734863},{"id":"https://openalex.org/keywords/exchange-rates","display_name":"exchange rates","score":0.996999979019165},{"id":"https://openalex.org/keywords/stock-prices","display_name":"stock prices","score":0.9950000047683716},{"id":"https://openalex.org/keywords/information-loss","display_name":"information loss","score":0.5669999718666077},{"id":"https://openalex.org/keywords/canada","display_name":"Canada","score":0.4390000104904175}],"concepts":[{"id":"https://openalex.org/C2778400572","wikidata":"https://www.wikidata.org/wiki/Q577714","display_name":"Superlative","level":2,"score":0.8166224956512451},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5122953653335571},{"id":"https://openalex.org/C2778152352","wikidata":"https://www.wikidata.org/wiki/Q5165061","display_name":"Content (measure theory)","level":2,"score":0.46240928769111633},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4467054307460785},{"id":"https://openalex.org/C2776639384","wikidata":"https://www.wikidata.org/wiki/Q840396","display_name":"Ideal (ethics)","level":2,"score":0.41664668917655945},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.33318978548049927},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.08039882779121399},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.06618136167526245},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.06453010439872742},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.34989/tr-48","doi":"https://doi.org/10.34989/tr-48","is_oa":true,"landing_page_url":"https://doi.org/10.34989/tr-48","pdf_url":null,"source":{"id":"https://openalex.org/S7407050688","display_name":"Bank of Canada Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I898769471","host_organization_name":"Bank of Canada","host_organization_lineage":["https://openalex.org/I898769471"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},{"id":"mag:2937558337","doi":null,"is_oa":false,"landing_page_url":"https://www.bankofcanada.ca/1987/10/technical-report-no48/","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"doi:10.34989/tr-48","doi":"https://doi.org/10.34989/tr-48","is_oa":true,"landing_page_url":"https://doi.org/10.34989/tr-48","pdf_url":null,"source":{"id":"https://openalex.org/S7407050688","display_name":"Bank of Canada Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I898769471","host_organization_name":"Bank of Canada","host_organization_lineage":["https://openalex.org/I898769471"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.5699999928474426}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W6890427682","https://openalex.org/W6927877581","https://openalex.org/W3121824809","https://openalex.org/W1969709242","https://openalex.org/W1996626123","https://openalex.org/W1514165606","https://openalex.org/W1513886820","https://openalex.org/W1966617563","https://openalex.org/W1599544262","https://openalex.org/W3126040882"],"abstract_inverted_index":{"In":[0],"this":[1],"study":[2],"the":[3,6,19,40,50,62,81,98,124,133],"authors":[4],"compare":[5],"information":[7,63,99],"content":[8],"of":[9,33,45,123,136,146],"alternative":[10],"monetary":[11,29,46,82,103],"aggregates":[12],"with":[13,74],"respect":[14],"to":[15,66,102],"total":[16,68,76],"spending":[17,69,77],"in":[18,60],"economy,":[20],"using":[21,132],"data":[22],"for":[23],"Canada.":[24],"The":[25,54],"analysis":[26],"considers":[27],"46":[28],"measures,":[30],"about":[31],"half":[32],"which":[34,61],"constitute":[35],"conventional":[36],"summation":[37],"aggregates,":[38,83],"while":[39],"remainder":[41],"are":[42,127],"superlative":[43],"indices":[44],"services":[47],"based":[48],"on":[49],"Fisher":[51],"Ideal":[52],"formula.":[53],"methodology":[55],"follows":[56],"a":[57,109,118],"natural":[58],"sequence":[59],"set":[64],"used":[65],"predict":[67],"is":[70,105],"gradually":[71],"expanded,":[72],"beginning":[73],"lagged":[75],"itself,":[78],"followed":[79],"by":[80,107,144],"then":[84,142],"other":[85],"financial":[86],"variables":[87],"such":[88],"as":[89],"interest":[90],"rates,":[91,93],"exchange":[92],"and":[94,111,138,141,153],"stock":[95],"prices.":[96],"Finally,":[97],"loss":[100],"due":[101],"aggregation":[104],"tested":[106,128],"decomposing":[108],"broad":[110],"informative":[112],"aggregate":[113],"into":[114],"its":[115],"components,":[116],"within":[117],"multivariate":[119],"indicator":[120],"model.":[121],"All":[122],"competing":[125],"models":[126],"against":[129],"one":[130],"another,":[131],"encompassing":[134],"principle":[135],"Hendry":[137],"Richard":[139],"(1982),":[140],"evaluated":[143],"means":[145],"standard":[147],"stability":[148],"tests,":[149],"one-period-ahead":[150],"in-sample":[151],"forecasting,":[152],"post-sample":[154],"simulation.":[155]},"counts_by_year":[{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-08-13T07:04:57.449891","created_date":"2019-04-25T00:00:00"}