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Central Bank (ECB). In this contribution we examine the stability of money demand in the euro area by taken the period of the …
Persistent link: https://www.econbiz.de/10008919643
This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area....
Persistent link: https://www.econbiz.de/10011128871
This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area....
Persistent link: https://www.econbiz.de/10010368306
Central Bank (ECB). In this contribution we examine the stability of money demand in the euro area by taken the period of the …
Persistent link: https://www.econbiz.de/10010377953
This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area....
Persistent link: https://www.econbiz.de/10010358869
of cyclical factors challenges the stability property of the curve. The relationship might be inappropriate to …
Persistent link: https://www.econbiz.de/10005822642
The German economy has veered back on an upward course, after weak growth in the summer semester 2014. In this … projected to remain low, with 0.9 percent in 2014, 0.7 percent in 2015 and 1.4 percent in 2016. The growth rate of the global … stabilize purchasing power and thus private consumption and investments. The average annual growth rate of the world economy is …
Persistent link: https://www.econbiz.de/10011261769
annual growth rate will be 1.9 percent in 2016. Driven by this favorable economic development, the unemployment rate will … continues in its recovery. The moderate upswing is primarily driven by the growth of consumption in industrialized countries. A … investment activity. In the euro area as well, growth is supported by consumer demand. However, there are a number of …
Persistent link: https://www.econbiz.de/10011203025
high and the public and private debt is dampening demand. For the time being, growth in the emerging markets is expected to … lag behind. Overall, the average annual growth rate of the global economy is expected to be 3.8 percent in 2015, and 4 …
Persistent link: https://www.econbiz.de/10011204434
Das DIW Berlin prognostiziert für die deutsche Wirtschaft für 2011 ein Wachstum von 2,7 Prozent, im Jahr 2012 dürfte der Zuwachs noch 1,4 Prozent betragen. Besonders im ersten Vierteljahr 2011 dürfte bei der Wirtschaftsleistung ein deutliches Plus von knapp einem Prozent gegenüber dem...
Persistent link: https://www.econbiz.de/10008917872