Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/62754 
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dc.contributor.authorLütkepohl, Helmuten
dc.contributor.authorWolters, Jürgenen
dc.date.accessioned2012-09-18T13:46:54Z-
dc.date.available2012-09-18T13:46:54Z-
dc.date.issued2001-
dc.identifier.piurn:nbn:de:kobv:11-10050640en
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
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 |x2001,87en
dc.subject.jelC32en
dc.subject.jelE52en
dc.subject.jelE41en
dc.subject.ddc330en
dc.subject.keywordCointegration analysisen
dc.subject.keywordimpulse response analysisen
dc.subject.keywordmonetary policyen
dc.subject.keywordmoney demanden
dc.subject.keywordstructural vector error correction modelen
dc.titleThe transmission of German monetary policy in the pre-Euro period-
dc.typeWorking Paperen
dc.identifier.ppn725945362en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:sfb373:200187en

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