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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Détails bibliographiques
Auteur principal: Kenen, Peter
Autres auteurs: Bayoumi, Tamim
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1992.
Collection:IMF Working Papers; Working Paper ; No. 1992/056
Accès en ligne:Full text available on IMF