EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/17905
  
Title:The link of the monetary indicator to future inflation in the Euro Area - a simulation experiment PDF Logo
Authors:Stolz, Stéphanie
Gottschalk, Jan
Issue Date:2001
Series/Report no.:Kieler Arbeitspapiere 1057
Abstract:We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows theoretically in a recent paper 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 in the medium term.
Subjects:Monetary Targeting
Inflation Targeting
Euro Area
JEL:E51
E52
Document Type:Working Paper
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

Files in This Item:
File Description SizeFormat
kap1057.pdf153.38 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/17905

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.