Narrow search
Showing 1 - 7 of 7
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2010
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 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/10011384239
Cover Image
Money and Inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - 2011
including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … demand equation is sufficient, at least as a rough indication. -- Money demand ; inflation ; excess liquidity ; cointegration …
Persistent link: https://www.econbiz.de/10009427840
Cover Image
Money and inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - 2011
including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … demand equation is sufficient, at least as a rough indication. -- Money demand ; inflation ; excess liquidity ; cointegration …
Persistent link: https://www.econbiz.de/10009130684
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian (contributor);  … - 2008
corresponding error correction model survives a battery of specification tests. -- Cointegration analysis ; error correction …
Persistent link: https://www.econbiz.de/10003726115
Cover Image
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
Cover Image
M3 Money Demand and Excess Liquidity in the Euro Area
Dreger, Christian - 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/10012724213