This report is summarising the assignment for evaluation of on-going micro-projects financed under the European Initiative for Democracy and Human Rights (EIDHR) in Ukraine. The evaluation project was implemented under the contract DDH/2005/112531 within the EC Framework Contract...

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...