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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19646| Title: | Do monetary indicators (still) predict euro area inflation? |
| Keywords: | E31 E40 C32 ddc:330 euro area inflation leading indicators money Inflation Prognoseverfahren Monetärer Indikator Europäische Wirtschafts- und Währungsunion Schätzung EU-Staaten |
| Issue Date: | 16-Oct-2013 |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19646 |
| Other Identifiers: | http://hdl.handle.net/10419/19646 ppn:514273828 RePEc:zbw:bubdp1:4469 |
| Appears in Collections: | EconStor |
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