Showing 1 - 6 of 6
This paper assesses the prospects for the new Polish monetary policy strategy of inflation targeting. Regarding the general requirements for implementing an inflation targeting strategy it appears that Poland has made sufficient progress in reducing fiscal dominance and hardening budget...
Persistent link: https://www.econbiz.de/10010275417
This paper presents a multivariate analysis of a money demand system in Europe. The system comprises real broad money, real GDP, the inflation rate, a long-term and a short-term interest rate. Two stable cointegration vectors can be identified: a money demand function and a long-run Fisher...
Persistent link: https://www.econbiz.de/10010275451
consumption in the euro zone. It considers M1 and M3; a number of modifications to these aggregates is also proposed to enhance …
Persistent link: https://www.econbiz.de/10010277282
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by … sample from 1980 to 2000. However, historical decompositions reveal that fluctuations since the introduction of the euro in …
Persistent link: https://www.econbiz.de/10010260459
This paper reviews the usefulness of monetary conditions in the euro area as leading indicators for aggregate demand …
Persistent link: https://www.econbiz.de/10010260469
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building …
Persistent link: https://www.econbiz.de/10010260606