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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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Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
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/10011384244
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Stock Prices and Demand for Money : Evidence from Nigeria
Akinlo, Anthony Enisan - 2017
This paper investigates the relationship between stock prices and the real money demand for Nigeria using unit root test and the cointegration with structural break. There are five important results for narrow and broad money in Nigeria. First, there is cointegration between narrow and broad...
Persistent link: https://www.econbiz.de/10012948868
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The Stability of Money Demand in China : Evidence from the ARDL Model
Baharumshah, Ahmad Zubaidi - 2009
between M2 and its determinants: Real income, inflation, foreign interest rates and stock prices. Importantly, our results … serious misspecifications in the money demand function (MDF). This finding is consistent with the notion that asset inflation …
Persistent link: https://www.econbiz.de/10013155958
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A behavioral macroeconomic model with endogenous boom-bust cycles and leverage dynamcis
Scheffknecht, Lukas; Geiger, Felix - 2011
We merge a financial market model with leverage-constrained, heterogeneous agents with a reduced-form version of the New-Keynesian standard model. Agents in both submodels are assumed to be boundedly rational. The financial market model produces endogenously arising boom-bust cycles. It is also...
Persistent link: https://www.econbiz.de/10009384917
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An empirical study of the stability of money demand
Al-dhaimesh, Hel Ajmi Jameel; Alqalawi, Usama Robin; … - In: Montenegrin journal of economics 19 (2023) 2, pp. 21-32
Persistent link: https://www.econbiz.de/10014279444
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Relationship between stock prices, exchange rate and the demand for money in India
Kumari, Jyoti; Mahakud, Jitendra - In: Economics, management and financial markets 7 (2012) 3, pp. 31-52
Persistent link: https://www.econbiz.de/10009721611
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Der Einfluß geldpolitischer Impulse auf den deutschen Aktienmarkt
Rohweder, Jens - 2000
Persistent link: https://www.econbiz.de/10001502713
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Inflation risk and the cross section of stock returns
Duarte, Fernando M. - 2013
I establish that inflation risk is priced in the cross section of stock returns: Stocks that have low returns during … inflationary times command a risk premium. I estimate a market price of inflation risk that is comparable in magnitude to the price … of risk for the aggregate market. Inflation is therefore a key determinant of risk in the cross section of stocks. The …
Persistent link: https://www.econbiz.de/10009752802
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Asset price shocks and inflation in the Finnish economy
Koivisto, Tero - 2024
This study aims to explore the extent to which changes in wealth contributes to inflation utilizing a highly flexible …
Persistent link: https://www.econbiz.de/10014573996