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Broad Money Demand and Monetary Policy in Tunisia

Treichel, Volker - 2006

The development of empirical foundations to the conduct of monetary policy in Tunisia is the central concern of this …

Persistent link: https://www.econbiz.de/10012782359

Changing Monetary Transmission Mechanisms within the EU.

Juselius, Katarina - Økonomisk Institut, Københavns Universitet - 1997

This paper presents a comparative analysis of monetary transmission mechanisms and changes in them after the "second ERM" in March 1983. The empirical model investigates the determination of money, income, prices and interest rates in Germany, Denmark, and Italy based on the cointegrated VAR...

Persistent link: https://www.econbiz.de/10005749822

Exogeneity, causality, and co-breaking in economic policy analysis of a small econometric model of money in the UK

Mizon, Grayham E.; Hendry, David F. - In: Empirical Economics 23 (1998) 3, pp. 267-294

that the model be congruent and encompassing, and hence exogeneity, causality, cointegration, co-breaking, and invariance …

Persistent link: https://www.econbiz.de/10005166743

Some new evidence on the determinants of money demand in developing countries – A case study of Tunisia

Ben Salha, Ousama; Jaidi, Zied - Volkswirtschaftliche Fakultät, … - 2013

The present paper aims at examining the money demand function in Tunisia during the period 1981-2011. Unlike previous … approach, results reveal evidence of cointegration between broad money demand and its determinants, namely final consumption … period. We conclude that monetary policy in Tunisia should be based on a broad definition of money. Furthermore, the …

Persistent link: https://www.econbiz.de/10011259415

Instabile Geldnachfrage im Euroraum?

Dreger, Christian; Wolters, Jürgen - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 76 (2007) 4, pp. 85-95

Instabilitäten in der Geldnachfrage hin. Ein solcher Befund stellt die monetäre Strategie der EZB in Frage, die wesentlich auf einer … gezeigt, dass die Entwicklung von M3 sowohl kurz- und langfristig im Rahmen einer Standardspezifikation der Geldnachfrage …

Persistent link: https://www.econbiz.de/10005071328

Money Velocity and Asset Prices in the Euro Area

Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

Persistent link: https://www.econbiz.de/10011128092

M3 Money Demand and Excess Liquidity in the Euro Area

Dreger, Christian; Wolters, Jürgen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10011128099

Time Aggregation, Long-Run Money Demand and the Welfare Cost of Inflation

Gupta, Rangan; Uwilingiye, Josine - Department of Economics, Faculty of Economic and … - 2008

through the estimation of long-run money demand relationships using cointegration and long-horizon approaches. Realizing that …

Persistent link: https://www.econbiz.de/10005773177

Measuring the Welfare Cost of Inflation in South Africa

Gupta, Rangan; Uwilingiye, Josine - Department of Economics, Faculty of Economic and … - 2008

In this paper, we estimate the long-run equilibrium relationship between money balance as a ratio of income and the Treasury bill rate for the period of 1965:02 to 2007:01, and, in turn, use the relationship to obtain welfare cost estimates of inflation. Using the Johansen (1991, 1995)...

Persistent link: https://www.econbiz.de/10005773207

Money Demand in Romania

Dumitru, Ionut - Volkswirtschaftliche Fakultät, … - 2002

Finding a stable money demand relationship is considered essential for the formulation and conduction of an efficient monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both developed and developing countries to evaluate the determinants and the...

Persistent link: https://www.econbiz.de/10005786947