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dc.contributor.authorCandelon, Bertranden_US
dc.contributor.authorLütkepohl, Helmuten_US
dc.date.accessioned2012-09-07T15:40:24Z-
dc.date.available2012-09-07T15:40:24Z-
dc.date.issued2000en_US
dc.identifier.piurn:nbn:de:kobv:11-10047217en_US
dc.identifier.urihttp://hdl.handle.net/10419/62236-
dc.description.abstractRecent investigations of the transmission mechanism of German monetary policy arrive at quite different conclusions regarding its stability during the period of monetary targeting by the Bundesbank. In this study small dynamic models for the monetary sector of the German economy are analyzed in detail to determine the sources for the contrasting results found in the literature. It turns out that instabilities detected in previous work in the 1980s are possibly spurious. Thus, it appears that the monetary transmission mechanism was reasonably stable and, hence, one important precondition for a monetary targeting policy was satisfied.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 2000,17en_US
dc.subject.jelC32en_US
dc.subject.jelE52en_US
dc.subject.jelE41en_US
dc.subject.ddc330en_US
dc.subject.keywordcointegration analysisen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordMarkov regime switching analysisen_US
dc.subject.keywordmoney demanden_US
dc.subject.keywordvector error correction modelen_US
dc.titleWas there a regime change in the German monetary transmission mechanism in 1983?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn723718121en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:sfb373:200017-
Appears in Collections:Discussion Papers, SFB 373, HU Berlin

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