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Your search keyword '"Savioz, Marcel"' showing total 3 results
Start Over Author "Savioz, Marcel" Topic economics
3 results on '"Savioz, Marcel"'

2. The demand for M3 and inflation forecasts: an empirical analysis for Switzerland

Author

Baltensperger, Ernst, Jordan, Thomas J., and Savioz, Marcel R.

Subjects
Switzerland -- Economic policy, Inflation (Finance) -- Research, Monetary policy -- Research, Business, Business, international, Economics
Abstract

Research into the role of monetary aggregates in Switzerland's monetary policy is presented. The paper uses an error correction model to examine how the growth rate of monetary aggregate and the size of excess influence inflation.

Published
2001

3. Monetary Policy and Forecasts for Real GDP Growth: An Empirical Investigation for the Federal Republic of Germany

Author

Kirchgässner, Gebhard and Savioz, Marcel R.

Subjects
economics
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 spreads. This holds for within as well as for ex-post predictions. The same holds for the development after 1992. Moreover, it is shown that simple forecasts based on M1 or on short-run interest rates outperform the common biannual GNP forecasts of the group of German economic research institutes.

Published
2001

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