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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …
Persistent link: https://www.econbiz.de/10011389101
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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
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2010 - Submitted on 10/Sept./2010
liquidity shocks on real share and house prices, VAR models are specified for the US and the euro area, as well as global VARs … effect is restricted to the US. Stock market prices are not affected. Thus, the results suggest that the link between …
Persistent link: https://www.econbiz.de/10011518883
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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 …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …
Persistent link: https://www.econbiz.de/10011384239
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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
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The impact of institutions on the employment performance in European labour markets
Buscher, Herbert S.; Dreger, Christian; Ramos, Raúl; … - In: Economic issues 14 (2009) 1, pp. 17-33
Persistent link: https://www.econbiz.de/10003841840
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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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Regional convergence in the enlarged European Union
Eckey, Hans-Friedrich; Dreger, Christian; Türck, Matthias - In: Applied economics letters 16 (2009) 16/18, pp. 1805-1808
Persistent link: https://www.econbiz.de/10003932476
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Money and Inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - 2011
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …
Persistent link: https://www.econbiz.de/10009427840
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Liquidity and asset prices : how strong are the linkages?
Dreger, Christian; Wolters, Jürgen - 2009
euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide … a measure on the impact of financial market integration. The specifications point to some impact of liquidity shocks on …
Persistent link: https://www.econbiz.de/10003807460