The New Monetary Aggregates: Comment
回应Berkman对Divisia货币服务流量指数的批评,指出其批评基于对加总理论的误解,未能把握整体。
In a recent paper published in this journal, Berkman [10] disputed the usefulness of the new (chained Tornquist-Theil) Divisia quantity indexes of the economy's flow of monetary services, which just have begun to become available within the Federal Reserve System.l While a few of his comments have some merit, his criticisms are largely based upon a faulty understanding of aggregation theory, and he thereby fails to see the forest for the trees.