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Investigating M3 money demand in the euro area : new evidence based on standard models
Dreger, Christian (contributor);  … - 2006
Monetary growth in the euro area has exceeded its target level especially since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run relationship between the variables entering the money demand function. Instead the equation appears to be increasingly...
Persistent link: https://www.econbiz.de/10003304393
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Hysteresis and persistence in the course of unemployment : the EU and US experience
Dreger, Christian (contributor);  … - 2006
We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … component. These findings might reflect a lower degree of migration of the unemployed in the EU from starving into prosperous …
Persistent link: https://www.econbiz.de/10003304447
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Common and spatial drivers in regional business cycles
Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2009
We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...
Persistent link: https://www.econbiz.de/10003807457
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the...
Persistent link: https://www.econbiz.de/10003807460
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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - In: Empirica : journal of european economics 36 (2009) 1, pp. 51-63
Persistent link: https://www.econbiz.de/10003818904
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Hysteresis in the development of unemployment : the EU and US experience
Dreger, Christian; Reimers, Hans-Eggert - In: Spanish economic review : SER 11 (2009) 4, pp. 267-276
Persistent link: https://www.econbiz.de/10003893627
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A macroeconometric model for the Euro economy
Dreger, Christian; Marcellino, Massimiliano - In: Journal of policy modeling : JPMOD ; a social science … 29 (2007) 1, pp. 1-13
Persistent link: https://www.econbiz.de/10003423895
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M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - In: Public choice 144 (2010) 3/4, pp. 459-472
Persistent link: https://www.econbiz.de/10008697149
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Investigating M3 money demand in the euro area
Dreger, Christian; Wolters, Jürgen - In: Journal of international money and finance 29 (2010) 1, pp. 111-122
Persistent link: https://www.econbiz.de/10003938664
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The EAGLE: a model for policy analysis of macroeconomic interdependence in the euro area
Gomes, Sandra; Jacquinot, Pascal; Pisani, Massimiliano - 2010
Building on the New Area Wide Model, we develop a 4-region macroeconomic model of the euro area and the world economy. The model (EAGLE, Euro Area and Global Economy model) is microfounded and designed for conducting quantitative policy analysis of macroeconomic interdependence across regions...
Persistent link: https://www.econbiz.de/10003973335