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dc.contributor.authorStolz, Stéphanieen
dc.contributor.authorGottschalk, Janen
dc.date.accessioned2009-01-28T15:00:16Z-
dc.date.available2009-01-28T15:00:16Z-
dc.date.issued2001-
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
dc.language.isoengen
dc.publisher|aKiel Institute of World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1057en
dc.subject.jelE51en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.keywordMonetary Targetingen
dc.subject.keywordInflation Targetingen
dc.subject.keywordEuro Areaen
dc.subject.stwMonetärer Indikatoren
dc.subject.stwInflationen
dc.subject.stwPrognoseverfahrenen
dc.subject.stwPreisniveauen
dc.subject.stwEuropäische Wirtschafts- und Währungsunionen
dc.subject.stwSimulationen
dc.subject.stwTheorieen
dc.subject.stwEU-Staatenen
dc.titleThe link of the monetary indicator to future inflation in the Euro Area - a simulation experiment-
dc.typeWorking Paperen
dc.identifier.ppn859858324en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1057en
dc.identifier.printppn332494306en

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