| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8957 |
| DP8957 Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability | |
| Carlo A. Favero; Barbara Roffia | |
| 发表日期 | 2012-05-23 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper argues that a stable broad money demand for the euro area over the period 1980-2011 can be obtained by modelling cross border international portfolio allocation. As a consequence, model-based excess liquidity measures, namely the difference between actual M3 growth (net of the inflation objective) and the expected money demand trend dynamics, can be useful to predict HICP inflation. |
| 主题 | International Macroeconomics |
| 关键词 | Euro area money demand Inflation forecasts monetary policy Portfolio allocation |
| URL | https://cepr.org/publications/dp8957 |
| 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/537809 |
| 推荐引用方式 GB/T 7714 | Carlo A. Favero,Barbara Roffia. DP8957 Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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