Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62236 
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dc.contributor.authorCandelon, Bertranden
dc.contributor.authorLütkepohl, Helmuten
dc.date.accessioned2012-09-07T15:40:24Z-
dc.date.available2012-09-07T15:40:24Z-
dc.date.issued2000-
dc.identifier.piurn:nbn:de:kobv:11-10047217en
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
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 |x2000,17en
dc.subject.jelC32en
dc.subject.jelE52en
dc.subject.jelE41en
dc.subject.ddc330en
dc.subject.keywordcointegration analysisen
dc.subject.keywordmonetary policyen
dc.subject.keywordMarkov regime switching analysisen
dc.subject.keywordmoney demanden
dc.subject.keywordvector error correction modelen
dc.titleWas there a regime change in the German monetary transmission mechanism in 1983?-
dc.typeWorking Paperen
dc.identifier.ppn723718121en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:sfb373:200017en

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