Macro Musings Podcast: William A. Barnett On Divisia Aggregates And Measuring Money In The Economy

David Beckworth profile picture
David Beckworth

William A. Barnett is the Oswald Distinguished Professor of Macroeconomics at the University of Kansas and Director of the Center for Financial Stability. Today, Bill joins the show to discuss his work on better measurement of monetary aggregates in the economy.

David and Bill also discuss Bill's book Getting It Wrong, which argues that old simple-sum aggregates of the money supply are obsolete and that more sophisticated aggregates (called Divisia aggregates) are more appropriate in making decisions related to monetary policy. In Bill's view, better financial data and better measurement of monetary aggregates would have averted the recent financial crisis. Finally, Bill also explains how he went from being a rocket scientist to a macroeconomist!

This article was written by

David Beckworth profile picture
David Beckworth is an assistant professor of economics at Texas State University. He is the author of Macro and Other Market Musings.

Recommended For You

Comments (8)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.