Do monetary indicators (still) predict euro area inflation? / Boris Hofmann.
Tipo de material: TextoSeries Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; ; no. 18/2006Detalles de publicación: Frankfurt am Main : Deutsche Bundesbank, 2006Descripción: 45 pISBN:- 3865581595
- 21 332.460151
Tipo de ítem | Biblioteca actual | Signatura topográfica | Estado | Fecha de vencimiento | Código de barras | |
---|---|---|---|---|---|---|
Documento | Biblioteca Manuel Belgrano | F 332.460151 H 21080 (Navegar estantería(Abre debajo)) | Disponible | 21080 F |
Bibliografía: p. 29-32.
This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over the period since the start of EMU considering a wide range of forecasting models, including standard bivariate forecasting models, factor models, simple combination forecasts as well as trivariate two-pillar Phillips Curve type forecasting models. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a thorough and broad based monetary analysis is needed to extract the information content of monetary developments for future inflation.
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