Do monetary indicators (still) predict euro area inflation? /

This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over the period since the start of EMU considering a wide range of forecasting models, including standard bivariate forecasting models, factor models, simple combination forecasts as well...

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Bibliographic Details
Main Author: Hofmann, Boris
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2006
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 18/2006
Subjects:
Online Access:http://econstor.eu/bitstream/10419/19646/1/200618dkp.pdf