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Monetary policy and TIPS yields before the crisis

Gerlach, Stefan; Moretti, Laura - 2011

Persistent link: https://www.econbiz.de/10009317656

Monetary policy and TIPS yields before the crisis

Gerlach, Stefan; Moretti, Laura - 2011

We make three points. First, the decade before the financial crisis in 2007 was characterized by a collapse in the yield on TIPS. Second, estimated VARs for the federal funds rate and the TIPS yield show that while monetary policy shocks had negligible effects on the TIPS yield, shocks to the...

Persistent link: https://www.econbiz.de/10009298368

Money and inflation in the euro area : a case for monetary indicators?

Gerlach, Stefan; Svensson, Lars E. O. - In: Journal of monetary economics 50 (2003) 8, pp. 1649-1672

Persistent link: https://www.econbiz.de/10001857721

Money and inflation in the euro area : a case for monetary indicators?

Gerlach, Stefan; Svensson, Lars E. O. - 2000

Persistent link: https://www.econbiz.de/10001535044

Money and Inflation in the Euro Area : A Case for Monetary Indicators?

Gerlach, Stefan - 2000

This paper studies the relationship between inflation, output, money and interest rates in the euro area, using data … power for future inflation. The real money gap contains more information about future inflation than the output gap and the … Eurosystem's money-growth indicator is an inferior indicator of future inflation …

Persistent link: https://www.econbiz.de/10012470705