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Sonderforschungsbereich 373: Quantification and Simulation of Economic Processes, Humboldt-Universität Berlin >
Discussion Papers, SFB 373, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/62191
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Müller, Christian | | en_US |
| dc.contributor.author | | Hahn, Elke | | en_US |
| dc.date.accessioned | | 2012-09-07T15:39:42Z | | - |
| dc.date.available | | 2012-09-07T15:39:42Z | | - |
| dc.date.issued | | 2000 | | en_US |
| dc.identifier.pi | | urn:nbn:de:kobv:11-10047427 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/62191 | | - |
| dc.description.abstract | | The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships within a set of five key macroeconomic variables, one of which can be interpreted as a money demand function and a sec(md one as a long term real interest rate (Fisher parity). Our findings indicate that monetary authorities might well be able to base their policy on the existence of a money demand. Particular emphasis is given both to the data sources and their aggregation, by providing a transparent account of our calculation procedure, which is not yet common in the existing literature. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Humboldt-Universität Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,35 | | en_US |
| dc.subject.jel | | E41 | | en_US |
| dc.subject.jel | | E52 | | en_US |
| dc.subject.jel | | C32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | european money demand | | en_US |
| dc.subject.keyword | | monetary targeting | | en_US |
| dc.subject.keyword | | aggregation | | en_US |
| dc.title | | Money demand in Europe: Evidence from the past | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 72375506X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| dc.identifier.repec | | RePEc:zbw:sfb373:200035 | | - |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
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