Hubrich, Kirstin - In: Empirical Economics 24 (1999) 1, pp. 77-99
, real GNP, the inflation rate, a long-term and a weighted short-term interest rate. A multivariate approach has been chosen …, as this allows for more than one cointegration relationship and to test restrictions on the cointegration space. In … contrast to most other studies on German monetary policy, three stable and economically plausible cointegration relationships …
