Package: dmai 1.0.0

dmai: Divisia Monetary Aggregates Index

Builds monetary aggregates from their components by the methods of index number theory. The Divisia index of Barnett (1980) <doi:10.1016/0304-4076(80)90070-6> weights every component (currency, demand deposits, savings and time deposits, ...) by its share in the expenditure on monetary services, priced by its user cost (Barnett 1978) <doi:10.1016/0165-1765(78)90051-4>. Also gives the Fisher ideal index, a variant with simple growth rates, the simple-sum aggregate, the currency equivalent index of Rotemberg, Driscoll and Poterba (1995), the dual user-cost price index and the Divisia second moments of Barnett and Serletis (1990) <doi:10.1016/0304-4076(90)90104-2>; benchmark rates given or taken from the components (upper envelope); 'ggplot2' graphics, a plain-language interpretation of every result and a built-in 'shiny' application.

Authors:Muhammad Yaseen [aut, cre, cph], Ahmad Nadeem [aut, ctb]