Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy ∗ , † Günter Coenen

Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find that monetary aggregates have a potentially significant role in providing information about current real output. We then proceed to analyze the information cont...

The Role of Money as an Information Variable for Monetary Policy by Günter Coenen,

4 Non-technical summary 5

Working Paper No. 231 Price Stability and Monetary Policy Effectiveness When Nominal Interest Rates Are Bounded at Zero Price Stability and Monetary Policy Effectiveness When Nominal Interest Rates Are Bounded at Zero

Central Bank Monetary Policy And Its Role In The Emergence Of Banking Crises In The Iranian Economy Within Modified Money Market Pressure Index 

In recent years, the banking crisis has increased the attention of researchers toward the banking system reform and solutions to it. The banking crisis can be accompanied by a banking run, banking panic, a rise in the Non-performing loan in banking system, fluctuations in cash and non-cash assets, and so on.  On the other hand, the central bank's monetary policy has also played an important rol...

Non-Linear Inflationary Dynamics based on the Concept of Missing Money in Iran

In this research, non-linear inflationary dynamics based on the concept of missing money is studied using the threshold autoregressive models based on seasonal data of the time interval (1990:04-2016:07) for the economy of Iran. The finding of the research shows that simple and Divisia liquidity growth variables are determined as threshold variables, and inflation reacts to changes in the growt...