In this paper we present an empirically stable euro area money demand model. Using a sample period until 2009:2 shows … stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …. Hence, FMOLS, CCR and DOLS are useful in estimating standard money demand as well, although they have only been rarely …

identifies two stable long-run relationships, one of which can be interpreted as a money demand function and a second one as a …

sterilise its bond purchases - compensating those purchases through sales of other bonds or money market instruments to keep the … overall money supply unaffected. This is to counter accusations that the ECB is monetizing government debt. This note …

We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit …

in order to account for variations within these variables over time. We argue that measures of money and credit growth … the Fed is concerned, the impact of consumer price inflation, and money and credit growth turns negative during the crisis …

This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For …, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity …