Reimers, Hans-Eggert - In: Swiss Journal of Economics and Statistics (SJES) 139 (2003) II, pp. 231-252
In this paper, the importance of money for the output development is analysed over the period from 1980 to 2000 for the euro area, where simple sum and Divisia monetary aggregates are used. Adapting an in-sample analysis, all real monetary aggregates help to explain the output gap of the euro...