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Monetary Policy and Forecasts for Real GDP Growth: An Empirical Investigation for the Federal Republic of Germany

✍ Scribed by Gebhardt Kirschgässner; Marcel Savioz


Book ID
108561034
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
204 KB
Volume
2
Category
Article
ISSN
1465-6485

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Monetary Policy and Forecasts for Real G
✍ Gebhardt Kirschgässner; Marcel Savioz 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 204 KB

## 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