Reimers, Hans-Eggert - In: Journal of Economics and Statistics (Jahrbuecher fuer … 223 (2003) 5, pp. 581-602
euro area. Constructing the equilibrium price level, simple-sum M3 and different Divisia M3 aggregates are considered. In … addition, nominal money changes are investigated in inflation equations. Adapting an in-sample analysis, Divisia aggregates are … evidence that simple-sum M3 includes more information for the HICP, whereas one of the Divisia aggregates helps to predict the …