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This paper contributes to the debate on the role of money in monetary policy by analyzing the information content of money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of structural and empirical models in a consistent framework using...
Persistent link: https://www.econbiz.de/10013156265
This paper's analysis of growth and inflation dispersions in the euro area reveals several findings. First, these dispersions have declined appreciably since EMU; remaining dispersions are small but persistent, relating mainly to country-specific shocks, not differences in the transmission of...
Persistent link: https://www.econbiz.de/10012776259
The paper evaluates the 24-month ahead inflation forecasting performance of various indicators of underlying inflation and structural models. The inflation forecast errors resulting from model misspecification are larger than the errors resulting from forecasting of exogenous variables. Also,...
Persistent link: https://www.econbiz.de/10012779296
The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline … inflation in these countries is due to common factors, such as price level convergence and EU integration. However … adjustments and increases of indirect taxes associated with EU accession are also likely to have played a role …
Persistent link: https://www.econbiz.de/10012764346
Unter dem Eindruck der Finanz- und Wirtschaftskrise hat die EU das Instrumentarium zur Regulierung des Finanzmarktes … Änderungen in der EU-Finanzmarktregulierung, und ihrer möglichen Auswirkungen auf die Akteure am Europäischen Kohlenstoffmarkt …In the light of the financial and economic crisis, the EU has further developed and tightened its regulation of the …
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The report analyzes, by looking back at existing compliance systems in the EU, Alberta, Australia, Colombia and Japan …
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