Aksoy, Yunus and Piskorski, T. (2005) US domestic currency in forecast error variance decompositions of inflation and output. Economics Letters 86 (2), pp. 265-271. ISSN 0165-1765.Full text not available from this repository.
We find that domestic currency, currency corrected for foreign holdings, has a substantial share in forecast error variance decomposition of US inflation. We also find that domestic currency has higher share of the forecast error variance decomposition of US real output than any other narrow monetary aggregate we consider.
|Keyword(s) / Subject(s):||Foreign holdings, US monetary aggregates, information value, domestic currency|
|School or Research Centre:||Birkbeck Schools and Research Centres > School of Business, Economics & Informatics > Economics, Mathematics and Statistics|
|Depositing User:||Dr Yunus Aksoy|
|Date Deposited:||25 Nov 2008 16:28|
|Last Modified:||17 Apr 2013 12:14|
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