Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62754
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dc.contributor.authorLütkepohl, Helmuten_US
dc.contributor.authorWolters, Jürgenen_US
dc.date.accessioned2012-09-18T13:46:54Z-
dc.date.available2012-09-18T13:46:54Z-
dc.date.issued2001en_US
dc.identifier.piurn:nbn:de:kobv:11-10050640en_US
dc.identifier.urihttp://hdl.handle.net/10419/62754-
dc.description.abstractA small macroeconomic model is constructed to study the transmission of the monetary policy conducted by the Deutsche Bundesbank (DBB) since the middle of the 1970s. For this purpose quarterly, seasonally unadjusted data for the period from 1975 to 1998 are used, that is, the period until the introduction of the Euro is considered. A vector error correction model is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable to capture foreign effects. An impulse response analysis highlights the effects of changes in the short-term interest rate and shows the interaction of the main variables of the monetary sector.en_US
dc.language.isoengen_US
dc.publisher|aHumboldt-Universität |cBerlinen_US
dc.relation.ispartofseries|aDiscussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes |x2001,87en_US
dc.subject.jelC32en_US
dc.subject.jelE52en_US
dc.subject.jelE41en_US
dc.subject.ddc330en_US
dc.subject.keywordCointegration analysisen_US
dc.subject.keywordimpulse response analysisen_US
dc.subject.keywordmonetary policyen_US
dc.subject.keywordmoney demanden_US
dc.subject.keywordstructural vector error correction modelen_US
dc.titleThe transmission of German monetary policy in the pre-Euro perioden_US
dc.typeWorking Paperen_US
dc.identifier.ppn725945362en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:sfb373:200187-

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