Narrow search
Showing 1 - 10 of 210
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian (contributor);  … - 2008
Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find evidence in favour of a stable long run money demand function. The equation appears to be increasingly unstable if more recent data are used. If the link between money balances and...
Persistent link: https://www.econbiz.de/10003726115
Cover Image
Rational inattention, inflation developments and perceptions after the euro cash changeover
Ehrmann, Michael (contributor) - 2006
This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of consumers. It argues that the denomination of prices in a new currency has increased the information-processing requirements for consumers by more than for sellers, a wedge that...
Persistent link: https://www.econbiz.de/10003280660
Cover Image
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
Cover Image
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
Cover Image
Forecasting ECB monetary policy : accuracy is (still) a matter of geography
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
Persistent link: https://www.econbiz.de/10003305135
Cover Image
Regional measures of human capital in the European Union
Dreger, Christian (contributor); Erber, Georg (contributor);  … - 2009
available at the level of EU NUTS1 and NUTS2 regions. In addition to the univariate measures, composite indicators based on …
Persistent link: https://www.econbiz.de/10003793935
Cover Image
Price convergence in an enlarged internal market
Dreger, Christian; Cholodilin, Konstantin Arkadʹevič; … - In: Eastern European economics 46 (2008) 5, pp. 57-68
Persistent link: https://www.econbiz.de/10003797126
Cover Image
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
Cover Image
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
Cover Image
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