Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17905
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dc.contributor.authorStolz, Stéphanieen_US
dc.contributor.authorGottschalk, Janen_US
dc.date.accessioned2009-01-28T15:00:16Z-
dc.date.available2009-01-28T15:00:16Z-
dc.date.issued2001en_US
dc.identifier.urihttp://hdl.handle.net/10419/17905-
dc.description.abstractWe 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.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x1057en_US
dc.subject.jelE51en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary Targetingen_US
dc.subject.keywordInflation Targetingen_US
dc.subject.keywordEuro Areaen_US
dc.subject.stwMonetärer Indikatoren_US
dc.subject.stwInflationen_US
dc.subject.stwPrognoseverfahrenen_US
dc.subject.stwPreisniveauen_US
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen_US
dc.subject.stwSimulationen_US
dc.subject.stwTheorieen_US
dc.subject.stwEU-Staatenen_US
dc.titleThe link of the monetary indicator to future inflation in the Euro Area - a simulation experimenten_US
dc.typeWorking Paperen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:ifwkwp:1057-
dc.identifier.printppn332494306en_US

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