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Estimating a European demand for money
Hayo, Bernd - 1998
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand...
Persistent link: https://www.econbiz.de/10010515712
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Estimating a European Demand for Money
Hayo, Bernd - 1999
). One of the major problems is related to the uncertainty about economic relationships within the euro area. The monetary …
Persistent link: https://www.econbiz.de/10014185337
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Estimating a European Demand for Money
Hayo, Bernd - 1999
European Monetary Union will come into existence in 1999. This raises questions related to the monetary policy targets that will be adopted by the European Central Bank (ECB). For both likely candidates, targeting a money aggregate or an inflation target, the existence of a stable money demand...
Persistent link: https://www.econbiz.de/10014187757
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Inflation Persistence and Price-Setting Behaviour in the Euro Area : A Summary of the Inflation Persistence Network Evidence
Altissimo, Filippo - 2010
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10013137348
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Inflation Persistence and Price-Setting Behaviour in the Euro Area - a Summary of the Ipn Evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2021
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10013318305
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Inflation persistence and price-setting behaviour in the euro area : a summary of the Inflation Persistence Network evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10011622329
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Money and inflation in the Euro area
Hayo, Bernd; Hagen, Jürgen von - In: European Economic and Monetary Union : an initial assessment, (pp. 127-140). 2002
Persistent link: https://www.econbiz.de/10001674185
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Money-Output Causality Revisited : An Empirical Analysis of EU Countries
Hayo, Bernd - 2001
In this paper, the evidence collected in the large literature on testing for Granger-causality from money to output is re-visited. Using a broad data base of 14 EU-countries plus Canada, the U.S. and Japan, and quarterly data from the mid-60s to the mid-90s, a number of hypotheses from this...
Persistent link: https://www.econbiz.de/10014216265
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Money-Output Causality Revisited : An Empirical Analysis of EU Countries
Hayo, Bernd - 1998
In this paper, the evidence collected in the large literature on testing for Granger-causality from money to output is re-visited. Using a broad data base of 14 EU-countries plus Canada, the US and Japan, and quarterly data from the mid 60s to the mid 90s, a number of hypotheses from this...
Persistent link: https://www.econbiz.de/10014216717
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Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence
Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …
Persistent link: https://www.econbiz.de/10011606198