theoretical IS curve. We test whether or not monetary assets and consumption are additively separable for the euro area using …

parameter matrices. The procedure is applied to a money demand system for the euro area and the results are compared to those …

This paper investigates possible non-linearities in the dynamics of the euro area demand for the narrow aggregate M1. A …

The long-run relationship between money and prices in the euro area embedded in traditional money demand models with … equilibria for the euro area and the US financial markets. Steady state equilibrium of nominal M3 growth is estimated to be about … 7% in 2007 with large standard errors mainly due to uncertainty in asset prices. The gap between actual euro area M3 …

This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation …

In this paper, different Divisia monetary aggregates for the euro area are constructed over the period from 1980 to … should have an important role in the conduct of monetary policy in the euro area. … es erhebliche Kontrollfehler. Zusammenfassend unterstützt die Studie die Auffassung, dass die Geldmenge eine wichtige …

euro area. Indicator variables are based on financial market data, such as medium-term returns, loss and volatility … extracted measures of uncertainty help to explain the increase in euro area M3 over the period 2001 to 2004. Similar evidence …

This paper examines the relation between money and housing variables in the euro area and in the US. Our empirical …-integrated money demand relationships can be established for both the euro area and the US. Furthermore, we find evidence for asset …