Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/17918 
Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
Kiel Working Paper No. 984
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
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.
Schlagwörter: 
Euro-Zone
Geldmengen
Prognosen
JEL: 
E37
E50
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
105.2 kB





Publikationen in EconStor sind urheberrechtlich geschützt.