for domestic and international investment, and whether changes in the international economy have helped shape these …

) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 … aggregate. For the case of Italy, results are less clear. From the estimated money demand functions, we derive both EMU-4 and …-specific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it generally does …

to medium-run development of consumer prices in Germany, France and Italy. Furthermore, the analysis of the process of …-Verbraucherumfrage ermittelten Daten und die von Consensus Economics erhobenen Expertenprognosen für Deutschland, Frankreich und Italien. Die …The present paper uses survey data on expected consumer price developments to analyse the role of inflation …