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Does the economic integration of China affect growth and inflation in industrial countries?

Dreger, Christian; Zhang, Yanqun - 2013

model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area … effects to the US and the euro area responses are much lower and decrease due to rising inflation pressure. The analysis also … euro area. …

Persistent link: https://www.econbiz.de/10011374308

Liquidity and asset prices : how strong are the linkages?

Dreger, Christian; Wolters, Jürgen - 2009

euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …

Persistent link: https://www.econbiz.de/10011389101

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2010

Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...

Persistent link: https://www.econbiz.de/10011518878

Money velocity and asset prices in the euro area

Dreger, Christian; Wolters, Jürgen - 2009

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

Persistent link: https://www.econbiz.de/10011518893

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Persistent link: https://www.econbiz.de/10011384239