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