Narrow search
Showing 1 - 10 of 645
Cover Image
(When) does money growth help to predict Euro-area inflation at low frequencies?
Schreiber, Sven - 2013 - this version: June 2013
revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency …-specific tests in a comprehensive system setup for euro-area data we consider various theoretical predictors of inflation. A general … Granger-causal for low-frequency inflation movements, and all variables affect money growth. We therefore interpret opposite …
Persistent link: https://www.econbiz.de/10009774367
Cover Image
Money growth and consumer price inflation in the euro area : a wavelet analysis
Mandler, Martin; Scharnagl, Michael - 2014
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …
Persistent link: https://www.econbiz.de/10010433361
Cover Image
Divisia monetary aggregates for a heterogeneous euro area
Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019 - This version: June 25, 2019
We introduce a Divisia monetary aggregate for the euro area that accounts for the heterogeneity across member countries both, in terms of interest rates and the decomposition of monetary assets. In most of the euro area countries, the difference between the growth rates of the country-specific...
Persistent link: https://www.econbiz.de/10012023395
Cover Image
A note on the predictive power of survey data in nowcasting euro area GDP
Kurz-Kim, Jeong-Ryeol - 2018
This paper investigates the trade-off between timeliness and quality in nowcasting practices. This trade-off arises when the frequency of the variable to be nowcast, such as GDP, is quarterly, while that of the underlying panel data is monthly; and the latter contains both survey and...
Persistent link: https://www.econbiz.de/10011846875
Cover Image
Public debt determinants : a time-varying analysis of core and peripheral Euro area countries
Di Serio, Mario - 2024
Persistent link: https://www.econbiz.de/10015047395
Cover Image
Is it really more dispersed? : measuring and comparing the stress from the common monetary policy in the euro area
Quint, Dominic - 2014
The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of how much monetary policy stress this causes at the national level. I measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied...
Persistent link: https://www.econbiz.de/10010349426
Cover Image
Labor productivity, effort and the euro area business cycle
Lewis, Vivien; Villa, Stefania; Wolters, Maik H. - 2019
, we demonstrate that effort dampens the response of inflation to exogenous shocks. …
Persistent link: https://www.econbiz.de/10012134398
Cover Image
New facts on consumer price rigidity in the euro area
Gautier, Erwan; Conflitti, Cristina; Faber, Riemer P.; … - 2022
changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
Persistent link: https://www.econbiz.de/10013361901
Cover Image
Distributional consequences of asset price inflation in the euro area
Adam, Klaus; Tzamourani, Panagiota - 2015
We study the distributional consequences of housing price, bond price and equity price increases for Euro Area households using data from the Household Finance and Consumption Survey (HFCS). The capital gains from bond price and equity price increases turn out to be concentrated among relatively...
Persistent link: https://www.econbiz.de/10011316626
Cover Image
Inflation anchoring in the euro area
Speck, Christian - 2016
Did the decline in inflation rates from 2012 to 2015 and the low levels of market-based inflation expectations lead to … de-anchored inflation dynamics in the euro area? This paper is the first time-varying event study to investigate the … reaction of inflation-linked swap (ILS) rates - a market-based measure of inflation expectations - to macroeconomic surprises …
Persistent link: https://www.econbiz.de/10011456474