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Do monetary indicators (still) predict euro area inflation?

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dc.creator Hofmann, Boris
dc.date 2006
dc.date.accessioned 2013-10-16T07:06:03Z
dc.date.available 2013-10-16T07:06:03Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19646
dc.identifier ppn:514273828
dc.identifier RePEc:zbw:bubdp1:4469
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19646
dc.description This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over the period since the start of EMU considering a wide range of forecasting models, including standard bivariate forecasting models, factor models, simple combination forecasts as well as trivariate two-pillar Phillips Curve type forecasting models. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a thorough and broad based monetary analysis is needed to extract the information content of monetary developments for future inflation.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2006,18
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E31
dc.subject E40
dc.subject C32
dc.subject ddc:330
dc.subject euro area
dc.subject inflation
dc.subject leading indicators
dc.subject money
dc.subject Inflation
dc.subject Prognoseverfahren
dc.subject Monetärer Indikator
dc.subject Europäische Wirtschafts- und Währungsunion
dc.subject Schätzung
dc.subject EU-Staaten
dc.title Do monetary indicators (still) predict euro area inflation?
dc.type doc-type:workingPaper


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