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Analysing Divisia Aggregates for the Euro Area

Reimers, Hans-Eggert - Deutsche Bundesbank - 2002

In this paper, different Divisia monetary aggregates for the euro area are constructed over the period from 1980 to 2000. Theoretically, one main difference of these aggregates is their reaction to exchange-rate variations. Empirically, the aggregates are compared with respect to three issues....

Persistent link: https://www.econbiz.de/10005083260

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

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

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 … and selected empirical results are discussed. Historically, in assessing the welfare effects of inflation, the distortion … of money demand played a prominent role. More recently, interactions of inflation and taxation came into focus. Growth …

Persistent link: https://www.econbiz.de/10005083118

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

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

Money demand and macroeconomic uncertainty

Lemke, Wolfgang; Greiber, Claus - Deutsche Bundesbank - 2005

In this study we construct a measure of macroeconomic uncertainty from several observable economic indicators for the euro area. Indicator variables are based on financial market data, such as medium-term returns, loss and volatility measures but also come from surveys that capture business and...

Persistent link: https://www.econbiz.de/10005083095

Demand for money and currency substitution in Europe

In: European monetary integration : EMS developments and …, (pp. 365-384). 1996

Persistent link: https://www.econbiz.de/10001290603

The ESRB at 1

Gerlach, Stefan (ed.); Gnan, Ernest (ed.); Ulbrich, Jens (ed.) - Conference on ESRB at 1 <1, 2011, Berlin>; SUERF - The …; … - 2012

SUERF – The European Money and Finance Forum, the Deutsche Bundesbank and the Institute for Monetary and Financial Stability (IMFS) took the opportunity of the first anniversary of this new institution to organise a joint conference in Berlin on 8-9 November 2011. The purpose of this event was...

Persistent link: https://www.econbiz.de/10011711529

Informationsbrief zur Europäischen Wirtschafts- und Währungsunion

Deutsche Bundesbank - Frankfurt, M. : Bundesbank - Nr. 1.1996 - 17.1998

Persistent link: https://www.econbiz.de/10000601753

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