Artikel
The Link of the Monetary Indicator to Future Inflation in the Euro-Area: A Simulation Experiment
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 dynamics for the Euro-area. Moreover, we extend Svensson's analysis by considering different shocks and monetary regimes. It becomes apparent that the system exhibits complicated dynamics and that for most shocks and policy regimes the monetary indicator is not a leading indicator of dangers to price stability at the medium-term.
- Language
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Englisch
- Bibliographic citation
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Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 70 ; Year: 2001 ; Issue: 3 ; Pages: 416-433 ; Berlin: Duncker & Humblot
- Classification
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Wirtschaft
- Subject
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Monetärer Indikator
Inflation
Prognoseverfahren
Preisniveau
P-Star
Eurozone
Simulation
Theorie
EU-Staaten
- Event
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Geistige Schöpfung
- (who)
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Gottschalk, Jan
Stolz, Stéphanie
- Event
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Veröffentlichung
- (who)
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Duncker & Humblot
- (where)
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Berlin
- (when)
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2001
- DOI
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doi:10.3790/vjh.70.3.416
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Gottschalk, Jan
- Stolz, Stéphanie
- Duncker & Humblot
Time of origin
- 2001
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