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The monetary model of the exchange rate : a structural interpretation
Moersch, Mathias; Nautz, Dieter - 1998
exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …
Persistent link: https://www.econbiz.de/10009574885
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The response of long-term interest rates to news about monetary policy actions : empirical evidence for the US and Germany
Nautz, Dieter; Wolters, Jürgen - 1998
We reexamine the expectations theory of the term structure focusing on the question how monetary policy actions indicated by changes in the very short rate affect long-term interest rates. Our main point is that the expectations hypothesis implies that very long rates should only react to...
Persistent link: https://www.econbiz.de/10009578577
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Money growth volatility and the demand for money in Germany : Friedman's volatility hypothesis revisited
Brüggemann, Imke; Nautz, Dieter - 1997
evidence for a velocity-volatility linkage. However the estimation of volatility-augmented money demand functions reveals that …
Persistent link: https://www.econbiz.de/10009632601