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Why has broad money demand been more stable in the euro area than in other economies?

Calza, Alessandro; Sousa, João - 2003

Based on a literature review, this paper investigates the reasons why broad money demand has usually been found to be more stable in the euro area than in other large economies. The paper concludes that there are three main explanations for this fact. First, in some countries outside the euro...

Persistent link: https://www.econbiz.de/10009635916

Aggregation-theoretic monetary aggregation over the euro area, when countries are heterogeneous

Barnett, William A. - 2003

simultaneous use of two inflation indexes over the euro area. …

Persistent link: https://www.econbiz.de/10009635917

Is the demand for euro area M3 stable?

Bruggeman, Annick; Donati, Paola; Warne, Anders - 2003

This paper re-examines two data issues concerning euro area money demand: aggregation of national data and measurement of the own rate.The main purpose is to study if euro area money demand is subject to parameter non-constancies using formal tests rather than informal diagnostics. As a...

Persistent link: https://www.econbiz.de/10009635921

Forecasting real GDP

Brand, Claus; Reimers, Hans-Eggert; Seitz, Franz - 2003

This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M1 has better and more robust forecasting...

Persistent link: https://www.econbiz.de/10009635922

Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880 - 2001

Dewald, William G. - 2003

u0093Bond Market Inflation Expectation and Longer-term Trends in Broad Monetary Growth and Inflation in Industrial … in inflation that were matched by growth rates in M2 and nominal GDP but not real GDP in each country and cross …-country averages. Inflationary expectations as estimated by bond rates less real growth trends indicated little inflation expectation …

Persistent link: https://www.econbiz.de/10009635923

Exchange rates and fundamentals

Engel, Charles; West, Kenneth David - 2003

supplies, outputs, inflation rates and interest rates. Nonetheless, it has been well documented that such variables little help …

Persistent link: https://www.econbiz.de/10009635953

Money and payments

Holthausen, Cornelia; Monnet, Cyril - 2003

The role of money in society has been a controversial topic in economic theory over many years. Particular attention has been devoted to the analysis whether there should be competition in the supply of money, or whether this is best left to a governmental agency. This paper reviews the...

Persistent link: https://www.econbiz.de/10009635956

Consumer inflation expectations in Poland

£yziak, Tomasz - 2003

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be …

Persistent link: https://www.econbiz.de/10009635882

15. CEIES-Seminar : Inflation in Europa u0097 Unterschiedliche Messkonzepte und deren Nutzer ; Berlin, 4. und 5. Oktober 2001

Europäische Kommission / Statistisches Amt - 2002

Persistent link: https://www.econbiz.de/10009637069

Evaluation of the joint programmes between the European Commission and the Council of Europe for strengthening federal structures and local government, introducing human rights pro...

CAF Consultants; Charities Aid Foundation <West Malling> - 2002

Persistent link: https://www.econbiz.de/10009637946