RT Generic
T1 Money and Swedish inflation reconsidered
A1 Belke,Ansgar
A1 Polleit,Thorsten
WP 2007/07/16
AB Analysing the role of money for Swedish inflation, we apply a single equation ?PStar? model and a structural VECM for the period of the late 1980 to the beginning of 2005. Against the background of theoretical and empirical considerations, we find that money ? when measured by the ?price gap? or, alternatively, the ?money overhang? ? has a statistically significant impact on future price movements. The results suggest that money should play a systematic role in monetary policy making in Sweden compared with the status quo.
K1 Inflation Targeting
K1 P-Stern-Modell
K1 Schweden
PP Hohenheim
PB Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
UL http://opus.uni-hohenheim.de/volltexte/2007/200