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Consumer cash usage: A cross-country comparison with payment diary survey data
Bagnall, John; Bounie, David; Huynh, Kim P.; Kosse, Anneke - Deutsche Bundesbank - 2014
We measure consumers' use of cash by harmonizing payment diary surveys from seven countries: Australia, Austria, Canada, France, Germany, the Netherlands, and the United States (conducted 2009 through 2012). Our paper finds important cross-country differences, for example, the level of cash...
Persistent link: https://www.econbiz.de/10010957141
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Money in monetary policy design under uncertainty: the Two-Pillar Phillips Curve versus ECB-style cross-checking
Beck, Günter W.; Wieland, Volker - Deutsche Bundesbank - 2007
output or inflation as in the empirical "two-pillar" Phillips curves estimated in some recent contributions, it would be …-checking does not require direct effects of money on output or inflation. …
Persistent link: https://www.econbiz.de/10005083254
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The welfare effects of inflation: a cost-benefit perspective
Tödter, Karl-Heinz; Manzke, Bernhard - Deutsche Bundesbank - 2007
This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models … effects of inflation as well as welfare effects of unanticipated inflation and of inflation uncertainty are also addressed. To … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion …
Persistent link: https://www.econbiz.de/10005083118
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Heterogeneity in money holdings across euro area countries: The role of housing
Setzer, Ralph; van den Noord, Paul; Wolff, Guntram B. - Deutsche Bundesbank - 2010
In this paper we examine why monetary aggregates of euro area Member States have developed differently since the inception of the euro. We derive a money demand equation that incorporates housing wealth and collateral as well as substitution effects on real money holdings. Empirically, we show...
Persistent link: https://www.econbiz.de/10008509091
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Money demand and macroeconomic uncertainty
Lemke, Wolfgang; Greiber, Claus - Deutsche Bundesbank - 2005
macroeconomic uncertainty using an unobserved components model. Employing cointegration analysis it is demonstrated that the …In this study we construct a measure of macroeconomic uncertainty from several observable economic indicators for the … extracted measures of uncertainty help to explain the increase in euro area M3 over the period 2001 to 2004. Similar evidence …
Persistent link: https://www.econbiz.de/10005083095
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Analysing Divisia Aggregates for the Euro Area
Reimers, Hans-Eggert - Deutsche Bundesbank - 2002
Rolle bei der Durchführung der Geldpolitik im Eurowährungsraum haben sollte. …
Persistent link: https://www.econbiz.de/10005083260
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Money and housing: evidence for the euro area and the US
Greiber, Claus; Setzer, Ralph - Deutsche Bundesbank - 2007
inflation channels, that is, liquidity fuels housing market developments. …
Persistent link: https://www.econbiz.de/10005083291
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The usage, costs and benefits of cash : theory and evidence from macro and micro data ; International Cash Conference 2012
2012 - Stand: September 2012
Persistent link: https://www.econbiz.de/10009668485
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Precautionary motives in short-term cash management: Evidence from German POS transactions
Eschelbach, Martina; Schmidt, Tobias - Deutsche Bundesbank - 2013
This paper empirically investigates whether individuals withhold a certain amount of cash for precautionary reasons at the point-of-sale (POS) in order to be able to cover future transactions that might have to be paid for in cash. Such behaviour is costly for consumers because it imposes...
Persistent link: https://www.econbiz.de/10010957118
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Der Auslandsumlauf deutscher Euro-Banknoten: Schätzung mit direkten Ansätzen
Bartzsch, Nikolaus; Rösl, Gerhard; Seitz, Franz - Deutsche Bundesbank - 2011
In dem vorliegenden Papier versuchen wir, den Bestand der Euro-Banknoten zu ermitteln, der sich von der deutschen Banknotenemission im Ausland befindet. Dabei unterscheiden wir nach Beständen, die außerhalb des Euro-Währungsraums umlaufen, und solchen, die in anderen Ländern der EWU...
Persistent link: https://www.econbiz.de/10009323140