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The Store-of-Value-Function of Money as a Component of Household Risk Management
Größl, Ingrid; Fritsche, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
non-diversifiable risks given that the central bank successfully stabilizes the rate of inflation at a low level. Assuming …
Persistent link: https://www.econbiz.de/10004963830
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Money and Inflation in the Euro Area during the Financial Crisis
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …
Persistent link: https://www.econbiz.de/10009149130
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Money Velocity and Asset Prices in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in...
Persistent link: https://www.econbiz.de/10004963942
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M3 Money Demand and Excess Liquidity in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …
Persistent link: https://www.econbiz.de/10004963949
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Investigating M3 Money Demand in the Euro Area: New Evidence Based on Standard Models
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
inflation. …
Persistent link: https://www.econbiz.de/10005068912
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M3 Money Demand and Excess Liquidity in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …
Persistent link: https://www.econbiz.de/10005069145
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Money Velocity and Asset Prices in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in...
Persistent link: https://www.econbiz.de/10005069148
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Money Demand and the Role of Monetary Indicators in Forecasting Euro Area Inflation
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation … even in the period of the financial and economic crisis. Monetary indicators are useful to predict inflation at the longer … money and inflation, central banks should implement exit strategies from the current policy path, as soon as the financial …
Persistent link: https://www.econbiz.de/10008682202
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Money Velocity and Asset Prices in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in...
Persistent link: https://www.econbiz.de/10011128092
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M3 Money Demand and Excess Liquidity in the Euro Area
Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …
Persistent link: https://www.econbiz.de/10011128099