Arbeitspapier
Money as an Indicator in the Euro Zone
This paper attempts to evaluate the information content of money for the forecast of inflation, output, investment and consumption in the euro zone. It considers M1 and M3; a number of modifications to these aggregates is also proposed to enhance 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 to the real variables and to the second half of the nineties. For the first half of the nineties the forecast performance of money is generally poor.
- Sprache
-
Englisch
- Erschienen in
-
Series: Kiel Working Paper ; No. 984
- Klassifikation
-
Wirtschaft
Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
- Thema
-
Euro-Zone
Geldmengen
Prognosen
Konjunkturindikator
Prognoseverfahren
Geldmenge
Europäische Wirtschafts- und Währungsunion
Schätzung
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
van Zandweghe, Willem
Martinez Rico, Felipe
Gottschalk, Jan
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute of World Economics (IfW)
- (wo)
-
Kiel
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- van Zandweghe, Willem
- Martinez Rico, Felipe
- Gottschalk, Jan
- Kiel Institute of World Economics (IfW)
Entstanden
- 2000