search query: @author Mills, T. C. / total: 5
reference: 3 / 5
| Author: | Mills, T. C. |
| Title: | Estimating trends growth rates of the U.K. monetary aggregates. |
| Journal: | Journal of Forecasting
1991 : MAY, VOL. 10:3, p. 269-283 |
| Index terms: | MONETARY ECONOMICS ECONOMIC FORECASTING UNITED KINGDOM |
| Language: | eng |
| Abstract: | The current trend of the growth rate of money supply is of particular importance to market participants. A time series approach to the modelling of monthly money supply series developed earlier is utilized to provide a technique for estimating the current trend of growth rates for three of the most closely monitored aggregates in the UK. These rates are computed from decompositions of intervention-augmented ARIMA models, the interventions being identified and their magnitude estimated by an iterative detection procedure. The forecasting models are based on the monetary aggregates MO, M3 and M5 /formerly known as PSL2/. |
SCIMA