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Firm Investment Behaviour in Germany: An Explanation Based on Seasonal Cointegration Techniques.
Dreger, Christian; Brautzsch, Hans-Ulrich - In: Journal of Economics and Statistics (Jahrbuecher fuer … 219 (1999) 3+4, pp. 284-297
-seasonal adjusted data from 1968 to 1989. The empirical analysis is based on cointegration techniques using the multivariate error … investment series. Given this result, the evidence for cointegration relationships at the seasonal frequencies is rather weak …. However, the cointegration vector obtained at the long run frequency shows, that export growth has a positive influence on …
Persistent link: https://www.econbiz.de/10008596440
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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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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2009
of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …
Persistent link: https://www.econbiz.de/10011518893
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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 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
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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 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/10011384244
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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
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The transmission of oil and food prices to consumer prices : evidence for the MENA countries
Belke, Ansgar; Dreger, Christian - 2013
(MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run …
Persistent link: https://www.econbiz.de/10010195364
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The transmission of oil and food prices to consumer prices : evidence for the MENA countries
Belke, Ansgar; Dreger, Christian - 2013
(MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run …
Persistent link: https://www.econbiz.de/10010195480
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The transmission of oil and food prices to consumer prices : evidence for the MENA countries
Belke, Ansgar; Dreger, Christian - 2013
(MENA) countries using threshold cointegration methods. Oil and food price shocks increase domestic prices in the long run …
Persistent link: https://www.econbiz.de/10010255110
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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