| Type: | Package |
| Title: | Divisia Monetary Aggregates Index |
| Version: | 0.5.0 |
| Author: | Muhammad Yaseen [aut, cre], Ahmad Nadeem [aut, ctb] |
| Maintainer: | Muhammad Yaseen <myaseen208@gmail.com> |
| Description: | Functions to calculate Divisia monetary aggregates index as given in Barnett, W. A. (1980) (<doi:10.1016/0304-4076(80)90070-6>). |
| Depends: | R (≥ 3.1) |
| Imports: | dplyr, magrittr, ggplot2, stringr, tibble, tidyr |
| License: | GPL-2 |
| URL: | https://github.com/myaseen208/dmai/, https://myaseen208.com/dmai/ |
| Encoding: | UTF-8 |
| RoxygenNote: | 7.3.1 |
| Note: | School of Mathematical and Statistical Sciences, Clemson University, Clemson, South Carolina, USA. |
| Suggests: | testthat |
| NeedsCompilation: | no |
| Packaged: | 2024-03-23 23:26:11 UTC; myaseen208 |
| Repository: | CRAN |
| Date/Publication: | 2024-03-23 23:40:02 UTC |
Divisia Monetary Aggregates Index
Description
Calculates Divisia monetary aggregates index as given in Barnett, W. A. (1980).
Usage
## Default S3 method:
dmai(.data, method = c("Barnett", "Hancock"), logbase = NULL)
Arguments
.data |
data.frame |
method |
Method to calculate Divisia monetary aggregates index, Barnett or Hancock |
logbase |
base of log to be used in Barnett divisia monetary aggregates index method, default is NULL or 10 |
Value
Divisia Monetary Aggregates Index
Author(s)
Muhammad Yaseen (myaseen208@gmail.com)
Ahmad Nadeem (Ahmed.Nadeem@sbp.org.pk)
References
Barnett, W. A. (1980). Economic Monetary Aggregates: An Application of Aggregation and Index Number Theory. Journal of Econometrics. 14(1):11-48. (https://www.sciencedirect.com/science/article/pii/0304407680900706)
Examples
Data <-
tibble::tibble(
Date = paste(c("Jun", "Dec"), rep(seq(from = 2000, to = 2017, by = 1), each = 2), sep = "-")
, x1 = runif(n = 36, min = 162324, max = 2880189)
, x2 = runif(n = 36, min = 2116, max = 14542)
, x3 = runif(n = 36, min = 92989, max = 3019556)
, x4 = runif(n = 36, min = 205155, max = 4088784)
, x5 = runif(n = 36, min = 6082, max = 186686)
, x6 = runif(n = 36, min = 11501, max = 50677)
, x7 = runif(n = 36, min = 61888, max = 901419)
, x8 = runif(n = 36, min = 13394, max = 347020)
, x9 = runif(n = 36, min = 25722, max = 701887)
, x10 = runif(n = 36, min = 6414, max = 37859)
, x11 = runif(n = 36, min = 11688, max = 113865)
, x12 = runif(n = 36, min = 2311, max = 23130)
, x13 = runif(n = 36, min = 23955, max = 161318)
, r1 = runif(n = 36, min = 0.00, max = 0.00)
, r2 = runif(n = 36, min = 0.00, max = 0.00)
, r3 = runif(n = 36, min = 0.00, max = 0.00)
, r4 = runif(n = 36, min = 0.93, max = 7.43)
, r5 = runif(n = 36, min = 1.12, max = 7.00)
, r6 = runif(n = 36, min = 0.99, max = 7.93)
, r7 = runif(n = 36, min = 1.51, max = 7.42)
, r8 = runif(n = 36, min = 2.20, max = 9.15)
, r9 = runif(n = 36, min = 2.64, max = 9.37)
, r10 = runif(n = 36, min = 2.80, max = 11.34)
, r11 = runif(n = 36, min = 3.01, max = 12.41)
, r12 = runif(n = 36, min = 2.78, max = 13.68)
, r13 = runif(n = 36, min = 3.23, max = 14.96)
)
Data$Date <- as.Date(paste("01", Data$Date, sep = "-"), format = "%d-%b-%Y")
Data
# Divisia monetary aggregates index using Barnett method
DMAIBarnett <- dmai(.data = Data, method = "Barnett", logbase = NULL)
DMAIBarnett
DMAIBarnett1 <- dmai(.data = Data, method = "Barnett", logbase = 10)
DMAIBarnett1
DMAIBarnett2 <- dmai(.data = Data, method = "Barnett", logbase = 2)
DMAIBarnett2
DMAIBarnett3 <- dmai(.data = Data, method = "Barnett", logbase = exp(1))
DMAIBarnett3
# Divisia monetary aggregates index using Hancock method
DMAIHancock <- dmai(.data = Data, method = "Hancock")
DMAIHancock
library(ggplot2)
ggplot(data = DMAIBarnett, mapping = aes(x = Date, y = DMAI)) +
geom_point() +
geom_line() +
geom_text(aes(label = round(DMAI, 2)), vjust = "inward", hjust = "inward") +
scale_x_date(
date_breaks = "6 months"
, date_labels = "%b-%Y"
, limits = c(min(DMAIBarnett$Date), max = max(DMAIBarnett$Date))) +
theme_bw() +
theme(axis.text.x = element_text(angle = 90))
ggplot(data = DMAIHancock, mapping = aes(x = Date, y = DMAI)) +
geom_point() +
geom_line() +
geom_text(aes(label = round(DMAI, 2)), vjust = "inward", hjust = "inward") +
scale_x_date(
date_breaks = "6 months"
, date_labels = "%b-%Y"
, limits = c(min(DMAIHancock$Date), max = max(DMAIHancock$Date))) +
theme_bw() +
theme(axis.text.x = element_text(angle = 90))
Divisia Monetary Aggregates Index
Description
The dmai package provides functionalities to calculate
Divisia monetary aggregates index as given in Barnett, W. A. (1980).
Author(s)
Muhammad Yaseen (myaseen208@gmail.com)
Ahmad Nadeem (Ahmed.Nadeem@sbp.org.pk)
References
Barnett, W. A. (1980). Economic Monetary Aggregates: An Application of Aggregation and Index Number Theory. Journal of Econometrics. 14(1):11-48. (https://www.sciencedirect.com/science/article/pii/0304407680900706).