The forecasting power of real interest rate gaps: an assessment for the Euro Area

Mésonnier, Jean-Stéphane

[journal article]

dc.contributor.author	Mésonnier, Jean-Stéphane	de
dc.date.accessioned	2011-04-01T05:02:00Z	de
dc.date.accessioned	2012-08-30T04:45:51Z
dc.date.available	2012-08-30T04:45:51Z
dc.date.issued	2009	de
dc.identifier.issn	1466-4283
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24272
dc.description.abstract	The real interest rate gap or IRG -the gap between the short term real interest rate and its “natural” level-, is a theoretical concept that has attracted much attention in central banks in recent years. This paper aims at clarifying its practical relevance for monetary policy in real time. For this purpose, it provides an empirical assessment of the usefulness of a semi-structural versus purely statistical estimates of the real IRG for predicting policy relevant macroeconomic variables in the euro area. However mixed, the results confirm that semi-structural estimates of the real IRG deserve being added to the central banks’ toolbox.	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.title	The forecasting power of real interest rate gaps: an assessment for the Euro Area	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	43	de
dc.source.issue	2	de
dc.subject.classoz	Economic Policy	en
dc.subject.classoz	Wirtschaftspolitik	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-242722	de
dc.date.modified	2011-04-01T05:02:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	-1	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.source.pageinfo	153-172
internal.identifier.classoz	1090302
internal.identifier.journal	21	de
internal.identifier.document	32
internal.identifier.ddc	330
dc.identifier.doi	https://doi.org/10.1080/00036840802481868	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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Wirtschaftspolitik
Economic Policy

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