Discussion of “The Role of Monetary Aggregates in the Policy Analysis of the Swiss National Bank” by Gebhard Kirchgässner and Jürgen Wolters

Abstract

. -I thank Carlos Lenz for providing me with the most recent available real and nominal GDP time series including the first release of the 2009Q3 observations. Of course, I assume responsibility for all results and remaining errors. Finally, the views expressed in the comment are personal and do not necessarily reflect those of the OeNB. 1 Their data sample covers the period from 1978 to 1999.