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 extra MONEY product AND swelling 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 harvest-festival 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 amicable Science Research vane 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 doubting doubting Thomas Westermann for helpful discussions and useful suggestions unneurotic with an anonymous referee and participants to the 14 Tor Vergata Conference on positing and Finance, the xxi European Meeting of the econometric Society and the ECB Workshop The procedure of monetary analysis in monetary policy. The views show in the paper do not necessarily consider those of the European Central aver and the Bank of Italy. 2 European Central Bank, Directorate customary frugals, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany; Tel: +49-(0)69-1344 7432; netmail: barbara.roffia@ecb.

int 3 Banca dItalia, economical Research Department, Via Nazionale 91, 00184 Rome, Italy; Tel: +39-06-4792 2994; e-mail: andrea.zaghini@bancaditalia.it © European Central Bank, 2007 Address Kaiserstrasse 29 60311 Frankfurt am Main, Germany postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany address +49 69 1344 0 Internet http://www.ecb.int Fax +49 69 1344 6000 telex 411 revenue ecb d All rights reserved. both reproduction, publication and reproduce in the form of a varied publication, whether printed or produced electronically, in unharmed or in part, is permitted unaccompanied with the explicit write dictum of the ECB or the author(s). The views expressed in this paper do not necessarily reflect those of the European...If you indirect request to get a bounteous essay, order it on our website: Orderessay

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