Have credit card services become important to monetary aggregation? An application of sign restricted Bayesian VAR
ABSTRACTThe purpose of this paper is to estimate the relationship among a primary set of economic variables, including two types of monetary aggregates: simple sum M2 and credit-card-augmented Divisia inside money services. The importance of that comparison has grown as the use of credit cards in pu...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Taylor & Francis Group
2024-12-01
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Series: | Journal of Applied Economics |
Subjects: | |
Online Access: | https://www.tandfonline.com/doi/10.1080/15140326.2024.2321422 |