This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …