zwar auch auf die Finanzkrise, weit mehr aber darauf zurückzuführen, das sich der letzte Aufschwung allmählich seinem Ende …

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at … the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states …

, labour demand equations are fitted in levels by efficient estimation techniques. To account for possible structural change …

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …