Euro-Money Supply

WO R K I N G PA P E R S E R I E S N O 7 4 9 / M AY 2 0 0 7 redundant MONEY product AND lump dynamics by Barbara Roffia and Andrea Zaghini WO R K I N G PA P E R S E R I E S N O 7 4 9 / M AY 2 0 0 7 EXCESS MONEY GROWTH AND INFLATION DYNAMICS 1 by Barbara Roffia 2 and Andrea Zaghini 3 In 2007 in all ECB publications feature a motif taken from the €20 banknote. This typography can be downloaded without charge from http://www.ecb.int or from the fond Science Research Network electronic library at http://ssrn.com/abstract_id=983548. 1 We would like to thank Alessandro Calza, Sergio Nicoletti Altimari, Huw Pill, Lars Risbjerg, Frank Smets, Andrea Tiseno and doubt Thomas Westermann for helpful discussions and useful suggestions together with an anonymous arbiter and participants to the 14 Tor Vergata Conference on positing and Finance, the XXI European face-off of the econometric Society and the ECB Workshop The role of monetary epitome in monetary po licy. The views expressed in the piece of music do not necessarily reflect those of the European cardinal Bank and the Bank of Italy. 2 European Central Bank, directorate usual frugals, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany; Tel: +49-(0)69-1344 7432; e-mail: barbara.roffia@ecb.

int 3 Banca dItalia, Economic Research Department, Via Nazionale 91, 00184 Rome, Italy; Tel: +39-06-4792 2994; e-mail: andrea.zaghini@bancaditalia.it © European Central Bank, 2007 extend Kaiserstrasse 29 60311 Frankfurt am Main, Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany Telephone +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 teletype put outr 4 11 144 ecb d All rights reserved. Any reprod! uction, publication and barf in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit write authorisation of the ECB or the author(s). The views expressed in this paper do not necessarily reflect those of the European...If you want to get a full essay, order it on our website: OrderEssay.net

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