Showing 1 - 10 of 613
Persistent link: https://www.econbiz.de/10012589414
This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we estimate vector error correction models (VECM). The results suggest that the long-run demand for German small denomination notes is mainly driven by domestic transactions and...
Persistent link: https://www.econbiz.de/10011334993
This paper applies traditional approaches and mixed-data sampling (MIDAS) to explain and forecast velocity of broad money in the euro area and the United States. Our results show that despite financial innovations, over the last two decades broad money velocity followed a declining trend with...
Persistent link: https://www.econbiz.de/10012827864
This paper evaluates the predictive out-of-sample forecasting properties of six different economic uncertainty variables for both growth in aggregate M2 and growth in household-sector M2 in the U.S. using data between 1971m1 and 2014m12. The core contention is that economic uncertainty improves...
Persistent link: https://www.econbiz.de/10011713871
Persistent link: https://www.econbiz.de/10011685704
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly data showed that consumer prices dynamics is explained...
Persistent link: https://www.econbiz.de/10011430889
This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental value, the latter determined by a money demand function. The out-of sample...
Persistent link: https://www.econbiz.de/10010285775
Persistent link: https://www.econbiz.de/10000960865
Persistent link: https://www.econbiz.de/10003772311