Adjusted monetary aggregates and UK inflation targeting

This study shows how to construct monetary aggregates using a procedure to adjust the simple-sum, Divisia and empirical monetary aggregates to be consistent with weak separability. The corresponding adjusted monetary aggregates have considerable leading indicator information and provide the most accurate predictions of inflation over the Bank of England's two year forecast horizon. Copyright 2006, Oxford University Press.

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Year of publication:	2006
Authors:	Drake, Leigh ; Fleissig, Adrian R.
Published in:	Oxford Economic Papers. - Oxford University Press. - Vol. 58.2006, 4, p. 681-705
Publisher:	Oxford University Press

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005447483