nominal GDP, the natural rate can be computed at the monthy or even weekly frequency. In the U.S., Euro area, and Canada the …

nominal GDP, the natural rate can be computed at the monthy or even weekly frequency. In the U.S., Euro area, and Canada the …

to 1998 are used, that is, the period until the introduction of the Euro is considered. A vector error correction model …

A remarkable development seen in recent years is the pronounced decline in euro area M1 velocity vis-a-vis a moderate … estimate a demand function for euro area M1, in particular by investigating its functional form. While the double log function … is found to be very close to the true "deep" functional form of M1 demand in the euro area for most of the sample period …

A remarkable development seen in recent years is the pronounced decline in euro area M1 velocity a moderate decline in … rate elasticity of M1 demand. In fact, estimating a theoretically plausible and stable demand function for M1 in the euro … rates in Europe experienced in the run-up to the euro should have 'naturally' brought about an increased degree of …