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 …

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 …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

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 …

Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …

Immobilienbesitzes als Vermögenskomponente in den letzten Jahren zugenommen. Pro Euro Vermögenszuwachs werden ungefähr 2 Cent für …The economic performance in the euro area and in particular in Germany has been rather weak over the recent past … risen over the last years. In the aggregate, a wealth increase of 1 euro is expected to trigger private consumption by about …

the impacts of liquidity and interest shocks on real share and house prices. VAR models for the US, the euro area, Japan … the US, it has negative effects on output especially in the UK and the euro area. Therefore, a leaning against the wind …