Carstensen, Kai; Hagen, Jan U.; Hossfeld, Oliver; … - 2008
countryspecific measures, particularly since the start of EMU, and is useful to predict country-specific inflation. However, it …In this paper we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4 …) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …