betrachtet. Es zeigt sich, daß eine Reihe von Indikatoren für eine kurzfristige Prognose geeignet sind, daß aber eine Prognose … forecast horizons or for the prediction of turning points …

This paper attempts to evaluate the information content of money for the forecast of inflation, output, investment and … their forecast performance. The evaluation employs Granger-causality tests, stability tests and historical out …-of-sample forecasts. On balance the information content of money appears to be rather limited. An improvement of the forecast is confined …

We investigate the predictive power of several leading indicators in order to forecast industrial production in Germany … indicators. We show that the best set of predictors, within and between categories, changes over time and depends on the forecast …