Boss, Alfred; Gern, Klaus-Jürgen; Meier, Klaus-Jürgen; … - Institut für Weltwirtschaft (IfW) - 1999
Since the fall of last year, EMU countries have experienced a slowdown in economic activity triggered by a deceleration … for Euroland is lower than the long-term average for Germany. In recent months, the growth rate of M3 has been somewhat … higher than the reference value announced by the ECB (4.5 percent); narrow money has expanded twice as fast as M3. In …