Levin, Andrew T.; Coenen, Günter; Wieland, Volker - 2021
in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find … conclude that money has fairly limited information content as an indicator of contemporaneous aggregate demand in the euro area …In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy …