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

endogenous money theory to be more precise in that regard. …

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 … applied for this purpose in previous studies. -- ARDL model ; cointegration ; euro area ; financial crisis ; money demand …

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 …This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

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 …This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

(1) level and risk dynamics. The latter includes (2) tail risk and crisis probability as well as (3) the Volatility …) undercapitalized sectors (8) time-varying risk premia, and (9) the external funding premium are part of the analysis. Financial …

for market-wide uncertainty and in the process also contribute to the literature on portfolio rebalancing. Our general …

model averaging in policy design. Interestingly, a simple difference rule with the same coefficients on inflation and output …