ecb speech, 2006-11-09
This will involve not only improving the pertinent analytical tools and examining more thoroughly developments in the components and counterparts of money, but also a more comprehensive use of the signals contained in money data to extract information on the current state of the economy, and which can be useful for forecasting inflation: money and credit aggregates can play an important role in providing timely information about variables which are measured with a lag, and about variables that are not observable, or shocks hitting the economy that may be correlated with monetary developments.
Sentiment: neutral
Topic: mp_economic_activity