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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010252646
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010246065
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On the relationship between public and private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10010248168
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The impact of public investment on private investment in the euro area
Dreger, Christian; Reimers, Hans-Eggert - In: Vierteljahrshefte zur Wirtschaftsforschung 84 (2015) 3, pp. 183-193
This paper explores the long-term relationship between public and private investment in the euro area. A stock … the model for private investment flows. In fact, standard models that include private investment flows, GDP, and the real … investment. Thus, the lack of public investment may have been restricting private investment and GDP growth in the euro area. …
Persistent link: https://www.econbiz.de/10011498378
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On the Relationship between Public and Private Investment in the Euro Area
Dreger, Christian - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques ac-counting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10013057463
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On the Relationship between Public and Private Investment in the Euro Area
Dreger, Christian - 2014
This paper explores the long run relationship between public and private investment in the euro area in terms of … capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While … private and public capital stocks are cointegrated, the evidence is quite fragile for public and private investment flows …
Persistent link: https://www.econbiz.de/10013057790
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Study on the feasibility of a tool to measure the macroeconomic impact of structural reforms
Dreger, Christian (ed.) - 2007 - Revised 18. September 2006
Persistent link: https://www.econbiz.de/10013446440
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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
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand function seems to be increasingly unstable if more recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in...
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