This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …

inflation. …

forecasts are not optimal. Seemingly unrelated regressions are used to address questions concerning the inflation forecast …

-specific data sets, cointegration analyses are carried out both to identify long-run economic relationships and to remove the trend …

consists of the inflation gap between consumer and house price inflation multiplied with an average loan-to-value ratio and the …

. The consequences of using real-time data for inflation forecasts, the dynamic interaction of output gaps and inflation …

This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …

In recent macroeconomic theory, relative price variability (RPV) generates the central distortions of inflation. This … paper provides first evidence on the empirical relation between inflation and RPV in the euro area focusing on threshold … effects of inflation. We find that expected inflation significantly increases RPV if inflation is either very low (below -1 …