We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows …

We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson (2000) shows …Der Artikel untersucht die Indikatoreigenschaften der Geldmenge für die Inflation. Unter Verwendung eines P …

There is a broad consensus among economists that, in the long run, inflation is a monetary phenomenon. However … inflationary processes. Moreover, impulses from monetary policy actions are transmitted to inflation through the output gap alone …. Interest rate impulses affect inflation through two channels, the output gap and the liquidity gap. Section 2 of the paper …

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. …

factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation … root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates …

-parametric estimation is impractical given commonly available predictive sample sizes. Instead, this paper derives the approximate … inflation. …

This paper considers forecast averaging when the same model is used but estimation is carried out over different … estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or … more structural breaks. It is shown that compared to using forecasts based on a single estimation window, averaging over …

This paper addresses the relative importance of monetary indicators for forecasting inflation in the euro area in a … estimation of inclusion probabilities of a particular variable, that is the probability of that variable being in the forecast … empirical question whether the group of monetary variables is relevant for forecasting euro area inflation. In our application …

indicators in predicting euro area HICP inflation out-of-sample over the period first quarter 1999 till third quarter 2006 …

root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. …