Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016
overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments … are at the zero lower bound, the analysis of money stocks become even more importantfor monetary policy. Therefore, this … paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …