Revisions to user costs for the Federal Reserve Bank of St. Louis monetary services indices.

Federal Reserve Bank of St. Louis Review,  November, 2005  by Anderson, Richard G.; Buol, Jason

Tags: Federal Reserve Bank of St. Louis

• E-mail
• Print
• Link

This analysis discusses recent changes to the user cost figures that are computed as part of the Federal Reserve Bank of St. Louis monetary services indices (MSI). The authors first introduce an alternative splicing procedure, robust to differences in scale between series, for those price subindices which, individually, have a time span shorter than the overall MSI but are spliced to span the entire period.

They then correct an error in the calculation of user costs for money market mutual funds that caused these funds' user costs to be based, for a considerable period of time, on ...

Read the rest of this article with a Free Trial at HighBeam Research.