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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 evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...

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

Money velocity and asset prices in the euro area

Dreger, Christian; Wolters, Jürgen - 2008

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in...

Persistent link: https://www.econbiz.de/10011384244

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

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

Does management matter in schools?

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - In: The economic journal : the journal of the Royal … 125 (2015) 584, pp. 647-674

Persistent link: https://www.econbiz.de/10011396515

Does management matter in schools?

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - 2014

Persistent link: https://www.econbiz.de/10010366952

Does management matter in schools?

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - 2014

We collect data on operations, targets and human resources management practices in over 1,800 schools educating 15-year-olds in eight countries. Overall, we show that higher management quality is strongly associated with better educational outcomes. The UK, Sweden, Canada and the US obtain the...

Persistent link: https://www.econbiz.de/10010434591

Is there a bubble in the Chinese housing market?

Dreger, Christian; Zhang, Yanqun - 2010

For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal … stimulus package and massive credit expansion, with possible adverse effects to the real economy. To get insights into the size … economy. -- Chinese economy ; panel cointegration ; house price bubbles …

Persistent link: https://www.econbiz.de/10008748352

Is there a bubble in the Chinese housing market?

Dreger, Christian; Zhang, Yanqun - 2010

For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal … stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the … growth may not be heavily affected. Thus, a decline of the bubble will likely have only modest effects on the real economy …

Persistent link: https://www.econbiz.de/10009272600

Does management matter in schools?

Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - 2014

Persistent link: https://www.econbiz.de/10010464925