Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:
https://hdl.handle.net/10419/32455
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Setzer, Ralph | en |
dc.contributor.author | van den Noord, Paul | en |
dc.contributor.author | Wolff, Guntram B. | en |
dc.date.accessioned | 2010-05-03 | - |
dc.date.accessioned | 2010-05-14T13:48:09Z | - |
dc.date.available | 2010-05-14T13:48:09Z | - |
dc.date.issued | 2010 | - |
dc.identifier.isbn | 978-3-86558-601-8 | en |
dc.identifier.uri | http://hdl.handle.net/10419/32455 | - |
dc.description.abstract | In this paper we examine why monetary aggregates of euro area Member States have developed differently since the inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution effects on real money holdings. Empirically, we show that cross-country differences in real balances are determined not only by income differences, a standard determinant of money demand, but also by house price developments. Higher house prices and higher user costs of housing are both associated with larger money holdings. Country-specific money holdings are also connected with structural features of the housing market. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2010,04 | en |
dc.subject.jel | E41 | en |
dc.subject.jel | E51 | en |
dc.subject.jel | E52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Money | en |
dc.subject.keyword | housing | en |
dc.subject.keyword | national contribution | en |
dc.subject.keyword | euro area | en |
dc.subject.stw | Geldnachfrage | en |
dc.subject.stw | Wohneigentum | en |
dc.subject.stw | Immobilienpreis | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Eurozone | en |
dc.title | Heterogeneity in money holdings across euro area countries: The role of housing | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 625131312 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:201004 | en |
Datei(en):
Publikationen in EconStor sind urheberrechtlich geschützt.