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RBA Glossary definition for financial aggregates

financial aggregates – A Reserve Bank of Australia data series specifying measures of the supply of money and credit. It includes some or all of: currency on issue; current deposits with banks; other deposits of the private non-bank sector with banks; borrowings from the private sector by non-bank depository corporations; and credit (loans, advances and bills discounted to the private sector).

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Introduction

31 Dec 2010 RDP 2010-05
Stephen Elias and Mariano Kulish
RDP 2010-05: Direct Effects of Money on Aggregate Demand: Another Look at the Evidence 1. ... The empirical evidence is mixed. Rudebusch and Svensson (1999, 2002) find little role for monetary aggregates in empirical aggregate demand specifications,
https://www.rba.gov.au/publications/rdp/2010/2010-05/introduction.html