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An empirical investigation among real, monetary and financial variables

✍ Scribed by A.G. Malliaris; Jorge L. Urrutia


Book ID
116101187
Publisher
Elsevier Science
Year
1991
Tongue
English
Weight
557 KB
Volume
37
Category
Article
ISSN
0165-1765

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## Abstract Using quarterly data for the Federal Republic of Germany, we generate four-quarter-ahead forecasts for real GDP growth. Throughout the 1970s and 1980s, other monetary indicators like real M1 or short-run interest rates clearly outperform forecasts which are based on interest rate sprea