Gottschalk, Jan; Stolz, Stéphanie - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 70 (2001) 3, pp. 416-433
We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson (2000) shows theoretically that the relationship between these two variables is rather tenuous. The present study employs empirical evidence on the relations in his model to quantify its...