A Revealed Preference Analysis of Friedman and Schwartz Money
用显示偏好方法检验弗里德曼和施瓦茨关于货币构成（现金、活期存款和定期存款）的结论，发现这些资产符合经济加总理论，但二战后短期内更广义的货币定义也成立，且需用Divisia指数构建总量。
In their seminal series of books Friedman and Schwartz concluded that the appropriate assets to aggregate into money are currency, demand deposits and time deposits issued by commercial banks. For this paper I used revealed preference analysis to test the validity of this conclusion. I find that these financial assets pass tests for the existence of a monetary aggregate consistent with the economic theory of aggregation over goods. For a short period after World War II, the data are consistent with a more broadly defined monetary aggregate. A reputable index number like the Divisia index must be employed to form these assets into an aggregate consistent with the economic theory of aggregation. Copyright 1995 by Ohio State University Press.