Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/152473 
Erscheinungsjahr: 
2000
Schriftenreihe/Nr.: 
ECB Working Paper No. 39
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
In order to assess the importance of monetary and financial developments for key macroeconomic variables in the euro area a money demand system for M3 is estimated adopting a structural cointegrating VAR approach. While maintaining a good statistical representation of the data, long-run relationships are based on economic theory. By using generalised response profiles the dynamics of the money demand system is investigated without any further identifying assumptions. Error bounds of the profiles are derived using bootstrap simulations.
Schlagwörter: 
Fisher hypothesis
Money demand
response profiles
Structural cointegrated VAR
Term structure
JEL: 
C32
E41
Dokumentart: 
Working Paper

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