This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali...

We examine the indicator property of the monetary indicator for inflation. Using a P*-model, Svensson shows theoretically in a recent...

This paper attempts to evaluate the information content of money for the forecast of inflation, output, investment and consumption in...

This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand conditions....

This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure...

In this paper, the structural vector autoregression methodology is used to decompose the euro area nominal short-term interest rate...

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This...

Bivariate SVAR models employing long-run identifying restrictions are often used to investigate the source of business cycle...

This paper aims to provide a non-technical introduction into the SVAR methodology. Particular emphasize is put on the approach to...