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The behavior of the dollar/euro exchange rate is modeled using a monetary model of the exchange rate. The econometric … analysis is complicated by the short sample span of actual euro data available for analysis. Hence, data on a "synthetic" euro …, is identified for the 1991M08-1999M12 period using the Johansen procedure. The model implies that the euro was …
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Kritische Darstellung zur Flüchtlings-, Währungs- und Wirtschaftspolitik der EU. - Rezension : Die im Maastrichter Vertrag von 1993 angelegten strukturellen Fehler der Wirtschafts- und Währungsunion sind nicht behoben. Die strenge Sparpolitik war nahezu erfolglos und hat hohe soziale Kosten...
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In 2001, the Fed has lowered interest rates in a series of cuts, starting from 6.5 % at the end of 2000 to 2.0 % by early November. This paper asks, whether the Federal Reserve Bank has been surprising the markets, taking as given the conventional view about the effect of monetary policy shocks....
Persistent link: https://www.econbiz.de/10009618362
nominal money and the price level in the euro area are integrated of order two. This is confirmed by applying tests on double … ; Double unit roots ; I(2) model ; euro area money demand …
Persistent link: https://www.econbiz.de/10009620770
The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identifies two stable long-run relationships within a...
Persistent link: https://www.econbiz.de/10009583887