circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …

elasticity of money demand after 2001 is taken into account. Measures of excess liquidity do not show significant inflation …

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition … coins and banknotes. The monetary overhang and the real money gap do not indicate significant inflation pressures. The …

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

doing so, it introduces and uses the monetary policy uncertainty (MPU) index, which can probably be a very appropriate and … studies that use conventional uncertainty-based independent variables. Empirical findings of both models indicate that changes …

circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …

circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …