| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5728 |
| DP5728 Exploiting Regional Treatment Intensity for the Evaluation of Labour Market Policies | |
| Michael Lechner; Markus Fröhlich | |
| 发表日期 | 2006-06-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | While monetary targeting has become increasingly rare, many central banks attach weight to money growth in setting interest rates. This raises the issue of how money can be combined with other variables, in particular the output gap, when analysing inflation. The Swiss National Bank emphasises that the indicators it uses to do so vary across forecasting horizons. While real indicators are employed for short-run forecasts, money growth is more important at longer horizons. Using band spectral regressions and causality tests in the frequency domain, we show that this interpretation of the inflation process fits the data well. |
| 主题 | International Macroeconomics |
| 关键词 | Spectral regression Frequency domain Phillips curve Quantity theory |
| URL | https://cepr.org/publications/dp5728 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534567 |
| 推荐引用方式 GB/T 7714 | Michael Lechner,Markus Fröhlich. DP5728 Exploiting Regional Treatment Intensity for the Evaluation of Labour Market Policies. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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