The New Divisia Monetary Aggregates
比较了Divisia货币总量与传统加总货币总量在多项政策相关标准上的表现，发现Divisia货币总量（尤其是高聚合水平）通常更优，对研究货币政策的学者有参考价值。
Barnett's Divisia monetary aggregates were derived to be elements of Diewert's class of superlative quantity index numbers. Relative to aggregation theory, Barnett's resulting monetary aggregates are strictly preferable to the official sum monetary aggregates, since the component monetary assets are not perfect substitutes. Formal empirical tests based on the relevant aggregation-theoretic criteria have likewise uniformly favored the Divisia monetary aggregates. The current article compares the Divisia with the sum monetary aggregates relative to numerous conventional policy-relevant criteria. The Divisia monetary aggregates, especially at high levels of aggregation, usually perform best in these tests.