Similar Search Results

Monetary policy, global liquidity and commodity price dynamics

Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben - 2010

, money (defined as a global liquidity aggregate) is still a key factor to determine the long-run homogeneity of commodity … considerations. The inclusion of commodity prices helps to identify a significant monetary transmission process from global liquidity … clear empirical pattern it appears justified to argue that global liquidity merits attention in the same way as the …

Persistent link: https://www.econbiz.de/10003934679

Does macroeconomic policy affect private savings in Europe? : Evidence from a dynamic panel data model

Schrooten, Mechtild (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002128045

Measuring income risk

Burgess, Simon M.; Gardiner, Karen; Jenkins, Stephen; … - 2000

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors....

Persistent link: https://www.econbiz.de/10011433584

Modelling low income transitions

Cappellari, Lorenzo; Jenkins, Stephen - 2002

We examine the determinants of low income transitions using first-order Markov models that control for initial conditions effects (those found to be poor in the base year may be a non-random sample) and for attrition (panel retention may also be non-random). Our econometric model is a form of...

Persistent link: https://www.econbiz.de/10011436237

Die Auswirkungen der Geldmenge und des Kreditvolumens auf die Immobilienpreise : ein ARDL-Ansatz für Deutschland

Belke, Ansgar - 2009

Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche...

Persistent link: https://www.econbiz.de/10003904552

Liquidity and the dynamic pattern of asset price adjustment : a global view

Belke, Ansgar; Orth, Walter; Setzer, Ralph - 2009

Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates … consumer goods. -- Global liquidity ; inflation control ; monetary policy transmission ; asset prices …

Persistent link: https://www.econbiz.de/10003889489

Money and Inflation in the euro area during the financial crisis

Dreger, Christian; Wolters, Jürgen - 2011

long run, inflation is affected by asset prices and detrended output. Excess liquidity plays an important role for … demand equation is sufficient, at least as a rough indication. -- Money demand ; inflation ; excess liquidity ; cointegration …

Persistent link: https://www.econbiz.de/10009427840

Effects of global liquidity on commodity and food prices

Belke, Ansgar; Bordon, Ingo G.; Volz, Ulrich - 2012

This paper investigates the relationship between global liquidity and commodity and food prices applying a global … cointegrated vector-autoregressive model. We use different measures of global liquidity and various indices of commodity and food … liquidity and the development of food and commodity prices, and that food and commodity prices adjust significantly to this …

Persistent link: https://www.econbiz.de/10009579223

M3 money demand and excess liquidity in the euro area

Dreger, Christian (contributor); … - 2008

; excess liquidity ; money demand, monetary policy …

Persistent link: https://www.econbiz.de/10003726115

An estimation and decomposition of the government investment multiplier

Clemens, Marius; Michelsen, Claus; Rieth, Malte - 2025

We construct a narrative instrument for government investment from official records in Germany. Using structural vector autoregressions, we document a significant crowding-in of private investment and an output multiplier of roughly 2. Then, we match a New Keynesian dynamic stochastic general...

Persistent link: https://www.econbiz.de/10015207271