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dc.contributor.authorMüller, Christianen
dc.contributor.authorHahn, Elkeen
dc.date.accessioned2012-09-07T15:39:42Z-
dc.date.available2012-09-07T15:39:42Z-
dc.date.issued2000-
dc.identifier.piurn:nbn:de:kobv:11-10047427en
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
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes |cBerlinen
dc.relation.ispartofseries|aSFB 373 Discussion Paper |x2000,35en
dc.subject.jelE41en
dc.subject.jelE52en
dc.subject.jelC32en
dc.subject.ddc330en
dc.subject.keywordeuropean money demanden
dc.subject.keywordmonetary targetingen
dc.subject.keywordaggregationen
dc.titleMoney demand in Europe: Evidence from the past-
dc.typeWorking Paperen
dc.identifier.ppn72375506Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:sfb373:200035en

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