Inflation Targeting in the United Kingdom : Information Content of Financial and Monetary Variables

Information Content of Financial and Monetary Variables

Inflation Targeting in the United Kingdom : Information Content of Financial and Monetary Variables
The main objective of this paper is to identify a set of leading indicators of inflation for the United Kingdom, and discuss the conceptual issues pertaining to inflation targeting. The main conclusions are that narrow money has strong leading indicator properties for inflation, while broad money does not. Long yields appear to have some... READ MORE...

Publication date: May 1996
ISBN 9781451974720
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