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...

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Dettagli Bibliografici
Autore principale: Kenen, Peter
Altri autori: Bayoumi, Tamim
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 1992.
Serie:IMF Working Papers; Working Paper ; No. 1992/056
Accesso online:Full text available on IMF