Search Results - subject:"monetary indicator"

Estimation of Weights for the Monetary Conditions Index in Poland

Torój, Andrzej - 2008

In this paper, we follow the econometric approach to assess relative importance of real interest rate and real exchange rate for the monetary conditions in Poland, quantified as weights for Monetary Conditions Index (MCI). We consider both single- and multiple-equation specifications proposed in...

Persistent link: https://www.econbiz.de/10014217102

Money demand stability and inflation prediction in the four largest EMU countries

Carstensen, Kai; Hagen, Jan U.; Hossfeld, Oliver; … - 2008

In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less...

Persistent link: https://www.econbiz.de/10008858923

Are MCIs good indicators of economic activity? : Evidence from the G7 countries

Blot, Christophe (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003797200

Do monetary indicators lead euro area inflation?

Hofmann, Boris (contributor) - 2008

monetary aggregate M3 is the most prominent single monetary indicator in the ECB’s monetary analysis. For this reason we will … one-sided HP filtered M3 ( T t mΔ ), and lags of a non-monetary indicator (x): (2) 01 2 3 () () () hTh th t t t th … for inflation already referred to above, we find that the best performing monetary indicator is the M3 trend growth rate …

Persistent link: https://www.econbiz.de/10003747977

Interest rates and money in the measurement of monetary policy

Belongia, Michael T.; Ireland, Peter N. - 2014

Persistent link: https://www.econbiz.de/10010364639

The risk of financial intermediaries

Delēs, Manthos D.; Hasan, Iftekhar; Tsionas, Efthymios G. - In: Journal of banking & finance 44 (2014), pp. 1-12

Persistent link: https://www.econbiz.de/10010409997

Money demand and the role of monetary indicators in forecasting euro area inflation

Dreger, Christian; Wolters, Jürgen - In: International journal of forecasting 30 (2014) 2, pp. 303-312

Persistent link: https://www.econbiz.de/10010510907

Monetary Policy and Potential Output Uncertainty : A Quantitative Assessment

Delle Chiaie, Simona - 2007

This paper contributes to the recent literature that studies the quantitative implications of the imperfect information about potential output for the conduct of monetary policy. By means of Bayesian techniques, a small New Keynesian model is estimated taking explicitly account of the imperfect...

Persistent link: https://www.econbiz.de/10014052837

Reconsidering the role of monetary indicators for euro area inflation from a Bayesian perspective using group inclusion probabilities

Scharnagl, Michael (contributor); … - 2007

This paper addresses the relative importance of monetary indicators for forecasting inflation in the euro area in a Bayesian framework. Bayesian Model Averaging (BMA)based on predictive likelihoods provides a framework that allows for the estimation of inclusion probabilities of a particular...

Persistent link: https://www.econbiz.de/10003461220

Monetary analysis : a VAR perspective

Gerdesmeier, Dieter; Roffia, Barbara - 2007

The purpose of this study is to investigate the dynamic relationships between some key variables for the euro area by means of a systems approach (i.e. so-called Vector Autoregression) and to simulate their responses with respect to monetary policy shocks. The main result is that rather simple...

Persistent link: https://www.econbiz.de/10003750298