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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

M3 money demand and excess liquidity in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …

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

An investigation into the interest elasticity of demand for money in developing countries : a panel data approach

Nyumuah, Felix S. - In: International journal of economics and finance 9 (2017) 3, pp. 69-80

Persistent link: https://www.econbiz.de/10011642208

The impact of symmetric and asymmetric exchange rate fluctuations on demand for money in Pakistan

Hannan, Abdul; Ishaq, Tahira - In: Journal of the Asia Pacific economy 28 (2023) 1, pp. 261-283

Persistent link: https://www.econbiz.de/10014231958

Money Shocks and Output : A Contemporary Money Demand Approach

YILMAZKUDAY, HAKAN - 2010

We analyze the short-run effects of money shocks on output in the contemporary world. As our benchmark case, we visit Bernanke (1983) for the Turkish economy over the monthly period 2002M1-2006M10. We show that money shocks affect output with a lag of one month. After that, we introduce our...

Persistent link: https://www.econbiz.de/10014223976

Two-pillar monetary policy and bootstrap expectations

Spahn, Peter - 2007

The paper integrates the two-pillar Phillips curve, which explains expected inflation by the money growth trend, within a simple macro model. A Taylor-like interest rule contains also a money growth target. The model takes into account serially correlated supply and money demand shocks; the...

Persistent link: https://www.econbiz.de/10010206408

Does dollarization reduce or produce inflation?

Mengesha, Lula G.; Holmes, Mark J. - In: Journal of economic studies 42 (2015) 3, pp. 358-376

Persistent link: https://www.econbiz.de/10011349016

Transmissionsmechanismen der Geldpolitik

Bofinger, Peter; Clausen, Volker; Domanski, Dietrich - Verein für Socialpolitik / Ausschuss für Geldtheorie … - 1999

Persistent link: https://www.econbiz.de/10012222298

Structural changes and the role of monetary aggregates in the UK

Bissoondeeal, Rakesh K.; Karoglou, Michail; Binner, Jane M. - In: Journal of financial stability 42 (2019), pp. 100-107

Persistent link: https://www.econbiz.de/10012259898

Transmissionsmechanismen der Geldpolitik

Bofinger, Peter; Clausen, Volker; Domanski, Dietrich - Verein für Socialpolitik / Ausschuss für Geldtheorie … - 1999

inländischen Geldmenge orientierten Geldpolitik der Schweizerischen Nationalbank beeinflußt werden. -- Der Aufsatz von P. Bofinger …Die Autoren der Beiträge des Bandes befassen sich mit dem Transmissionsmechanismus in der Geldpolitik. Im Zentrum steht … von V. Clausen die Eigenschaften diskutiert, die eine Geldnachfrage in einem Regime der Geldmengensteuerung aufweisen …

Persistent link: https://www.econbiz.de/10013542959