This paper analyses how many euro coins outflow from Germany and which composition of coins is to be expected in the long run. To this end, a simple mathematical model is formulated and calibrated for €1 coins. The introduction of the euro coins in 2002 presented a unique opportunity to...

Das vorliegende Papier beschäftigt sich mit der Frage, wie viele ausländische Euro-Münzen pro Tag in ein Euro-Land einströmen. Dafür formulieren wir ein kleines formalmathematisches Modell, das wir für den Fall Deutschlands und 1-Euro-Münzen kalibrieren. Die Einführung der Euro-Münzen...

Das vorliegende Papier beschäftigt sich mit der Frage, wie viele ausländische Euro-Münzen pro Tag in ein Euro-Land einströmen. Dafür formulieren wir ein kleines formalmathematisches Modell, das wir für den Fall Deutschlands und 1-Euro-Münzen kalibrieren. Die Einführung der Euro-Münzen...

Das vorliegende Papier beschäftigt sich mit der Frage, wie viele ausländische Euro-Münzen pro Tag in ein Euro-Land einströmen. Dafür formulieren wir ein kleines formalmathematisches Modell, das wir für den Fall Deutschlands und 1-Euro-Münzen kalibrieren. Die Einführung der Euro-Münzen...

This paper analyses how many euro coins outflow from Germany and which composition of coins is to be expected in the long run. To this end, a simple mathematical model is formulated and calibrated for €1 coins. The introduction of the euro coins in 2002 presented a unique opportunity to...

In dieser Studie wird die kürzlich von Feldstein (1996) aufgeworfene Frage für die Bundesrepublik Deutschland empirisch untersucht: "If the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from reducing inflation to zero worth the...

This study empirically investigates for the case of Germany the following question, recently posed by Feldstein (1996): "lf the true and fully anticipated rate of inflation has stabilized at a low level, i.e. two per cent, is the gain from reducing inflation to zero worth the sacrifice in output...

The carry-over effect is the advance contribution of the old year to growth in the new year. Among practitioners the informative content of the carry-over effect for short-term forecasting is undisputed and is used routinely in economic forecasting. In this paper, the carry-over effect is...

There is a broad consensus among economists that, in the long run, inflation is a monetary phenomenon. However, monetary policy is often analysed using models that have no causal role for monetary aggregates in the propagation of inflationary processes. Moreover, impulses from monetary policy...

This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion of money demand played a prominent role. More...