Money and inflation in the euro area: a case for monetary indicators?

Article Abstract:

Inflation indicators for euro area is examined by studying the relationship between inflation, output, money and interest rates, using data spanning 1980-2001. The Eurosystem's money-growth indicator contains little information about future inflation and no information beyond that contained in the output and real money gaps.

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Maintaining price stability: how long is the medium term?

Article Abstract:

The determinants of optimal monetary policy horizon for maintaining price stability are analyzed using a small estimated forward looking model of the euro area economy. The optimal policy horizon for a price level objective is generally longer than that for an inflation objective.

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Using a long-term interest rate as the monetary policy instrument

Article Abstract:

The impact of inflation rates, on monetary reforms, is discussed. The viability of using long-term interest rate over short-term interest rate is examined.

United States, Interest Rates, Methods, Usage

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