scholarly journals Analysing Divisia Aggregates for the Euro Area

2002 ◽  
Author(s):  
Hans-Eggert Reimers
Keyword(s):  
Euro Area ◽  
Divisia Aggregates

Does Money Include Information for Prices in the Euro Area? / Enthält Geld Informationen für die Preisentwicklung im Eurowährungsgebiet?

2003 ◽  
Vol 223 (5) ◽  
Author(s):  
Hans-Eggert Reimers
Keyword(s):  
Euro Area ◽  
Price Level ◽  
Equilibrium Price ◽  
Future Price ◽  
Sample Analysis ◽  
The Future ◽  
Out Of Sample ◽  
Price Movements ◽  
Divisia Aggregates

Summary In this paper, the P-star framework is mainly used to examine the importance of money for future price movements in the euro area. Constructing the equilibrium price level, simple-sum M3 and different Divisia M3 aggregates are considered. In addition, nominal money changes are investigated in inflation equations. Adapting an in-sample analysis, Divisia aggregates are important for HICP development and to some extent for GDP deflator movement. The out-of-sample forecasting exercise presents evidence that simple-sum M3 includes more information for the HICP, whereas one of the Divisia aggregates helps to predict the future GDP deflator.

Discretionary fiscal policy in the Euro area: Past, present and future

2020 ◽  
pp. 55-85
Author(s):  
Francesco Caprioli ◽  
Marzia Romanelli ◽  
Pietro Tommasino
Keyword(s):  
Fiscal Policy ◽  
Euro Area ◽  
Discretionary Fiscal Policy

Towards a New Architecture of the Euro Area

2018 ◽  
Vol 31 (2) ◽  
pp. 43-44 ◽  
Author(s):  
Alberto Majocchi
Keyword(s):  
Euro Area

Ten Years from Now : How Will the Euro Area Be?

2010 ◽  
Vol 96 (1) ◽  
pp. 63-69
Author(s):  
Lorenzo Bini Smaghi
Keyword(s):  
Euro Area
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