Using An EC-Wide Monetary Aggregate in Stage Two of EMU /

This paper looks at whether the aggregate ERM money supply has been a useful predictor of short-term changes in inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the period since 1987, when there have been no realignments, the ER...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Kenen, Peter
Άλλοι συγγραφείς: Bayoumi, Tamim
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 1992.
Σειρά:IMF Working Papers; Working Paper ; No. 1992/056
Διαθέσιμο Online:Full text available on IMF
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245 1 0 |a Using An EC-Wide Monetary Aggregate in Stage Two of EMU /  |c Peter Kenen, Tamim Bayoumi. 
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300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper looks at whether the aggregate ERM money supply has been a useful predictor of short-term changes in inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the period since 1987, when there have been no realignments, the ERM money supply performs at least as well, and arguably better, than the individual national aggregates in predicting nominal aggregates such as inflation and the price level, while neither money supply is a good predictor of real activity. 
538 |a Mode of access: Internet 
700 1 |a Bayoumi, Tamim. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1992/056 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1992/056/001.1992.issue-056-en.xml  |z IMF e-Library