Do professional forecasters in Asian–Pacific countries believe in the monetary neutrality?

Jan-Christoph Rülke

Economics Letters, 2012, vol. 117, issue 1, 178-181

Abstract: We analyze more than 40,000 forecasts of the annual growth rate of the money supply, the inflation rate, and the growth rate for eleven Asian–Pacific countries between 1994 and 2011. We document that forecasters believe in nominal effects of future monetary policy.

Keywords: Quantity equation; Forecasts; Asian–Pacific countries (search for similar items in EconPapers)
JEL-codes: C23 E31 E37 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:178-181

DOI: 10.1016/j.econlet.2012.04.104

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