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Institut für Weltwirtschaft (IfW), Kiel >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/24838
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Carstensen, Kai | | en_US |
| dc.contributor.author | | Hagen, Jan | | en_US |
| dc.contributor.author | | Hossfeld, Oliver | | en_US |
| dc.contributor.author | | Salazar Neaves, Abelardo | | en_US |
| dc.date.accessioned | | 2008-09-03 | | en_US |
| dc.date.accessioned | | 2009-04-09T07:48:02Z | | - |
| dc.date.available | | 2009-04-09T07:48:02Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/24838 | | - |
| dc.description.abstract | | In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 aggregate. For the case of Italy, results are less clear. From the estimated money demand functions, we derive both EMU-4 and country-specific measures of money overhang. We find that the EMU-4 overhang measure strongly correlates with the countryspecific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it generally does not encompass country-specific money overhang measures as predictors of inflation. Hence, aggregate money overhang is an important, but by far not an exhaustive, indicator fort he disaggregate level. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kiel working paper 1443 | | en_US |
| dc.subject.jel | | E41 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Money demand | | en_US |
| dc.subject.keyword | | stability | | en_US |
| dc.subject.keyword | | money overhang | | en_US |
| dc.subject.keyword | | inflation forecast | | en_US |
| dc.subject.stw | | Geldnachfrage | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Geldmenge | | en_US |
| dc.subject.stw | | Monetärer Indikator | | en_US |
| dc.subject.stw | | Inflation | | en_US |
| dc.subject.stw | | Europäische Wirtschafts- und Währungsunion | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.subject.stw | | Frankreich | | en_US |
| dc.subject.stw | | Spanien | | en_US |
| dc.subject.stw | | Italien | | en_US |
| dc.title | | Money demand stability and inflation prediction in the four largest EMU countries | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 576815632 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Arbeitspapiere, IfW
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