Reimers, Hans-Eggert - In: Jahrbücher für Nationalökonomie und Statistik 223 (2003) 5, pp. 581-602
Summary In this paper, the P-star framework is mainly used to examine the importance of money for future price movements in the euro area. Constructing the equilibrium price level, simple-sum M3 and different Divisia M3 aggregates are considered. In addition, nominal money changes are...