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dc.contributor.authorMüller, Christianen_US
dc.contributor.authorHahn, Elkeen_US
dc.date.accessioned2012-09-07T15:39:42Z-
dc.date.available2012-09-07T15:39:42Z-
dc.date.issued2000en_US
dc.identifier.piurn:nbn:de:kobv:11-10047427en_US
dc.identifier.urihttp://hdl.handle.net/10419/62191-
dc.description.abstractThe 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.isoengen_US
dc.publisherHumboldt-Universität Berlinen_US
dc.relation.ispartofseriesDiscussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2000,35en_US
dc.subject.jelE41en_US
dc.subject.jelE52en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordeuropean money demanden_US
dc.subject.keywordmonetary targetingen_US
dc.subject.keywordaggregationen_US
dc.titleMoney demand in Europe: Evidence from the pasten_US
dc.typeWorking Paperen_US
dc.identifier.ppn72375506Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:sfb373:200035-
Appears in Collections:Discussion Papers, SFB 373, HU Berlin

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