Narrow search
Showing 1 - 10 of 931,881
Cover Image
A microfounded model of money demand under uncertainty, and some empirical evidence
Größl, Ingrid; Tarassow, Artur - 2018
ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing …
Persistent link: https://www.econbiz.de/10011790638
Cover Image
A microfounded model of money demand under uncertainty, and its empirical validation using cointegration and rolling-window dynamic multiplier analysis
Größl-Gschwendtner, Ingrid; Tarassow, Artur - 2015
into account leads to ambiguous effects w.r.t. to the impact of capital as well as inflation risk, thus contradicting …In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing … risk-averse households. Deriving a complete solution of the optimization problem taking the intertemporal budget constraint …
Persistent link: https://www.econbiz.de/10011341022
Cover Image
A microfounded model of money demand under uncertainty, and some empirical evidence
Größl, Ingrid; Tarassow, Artur - 2018
ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …In this article we derive a microfounded model of money demand under uncertainty built on intertemporally optimizing …
Persistent link: https://www.econbiz.de/10011985267
Cover Image
Currency substitution : evidence from Nigeria
Doguwa, Sani I. - In: CBN journal of applied statistics 5 (2014) 2, pp. 1-23
This paper examines the existence, causes and effects of currency substitution in Nigeria by estimating conventional money demand equations based on a partial adjustment and an autoregressive distributed lag models using three definitions of monetary aggregates. The behavior of the foreign...
Persistent link: https://www.econbiz.de/10011488762
Cover Image
Is euro area demand (still) stable? : cointegrated VAR versus single equation techniques
Belke, Ansgar; Czudaj, Robert - 2010
circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …
Persistent link: https://www.econbiz.de/10010208785
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2010
elasticity of money demand after 2001 is taken into account. Measures of excess liquidity do not show significant inflation …
Persistent link: https://www.econbiz.de/10011518878
Cover Image
Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2009
of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …
Persistent link: https://www.econbiz.de/10011518893
Cover Image
M3 money demand and excess liquidity in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
) 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 …
Persistent link: https://www.econbiz.de/10011384239
Cover Image
Money velocity and asset prices in the euro area
Dreger, Christian; Wolters, Jürgen - 2008
of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …
Persistent link: https://www.econbiz.de/10011384244
Cover Image
The transmission of German monetary policy in the pre-Euro period
Lütkepohl, Helmut; Wolters, Jürgen - 2001
is constructed for the German monetary sector based on M3, GNP, an inflation rate, a long-term interest rate and a short …-term rate which represents the policy variable of the DBB. Moreover, import price inflation is included as an exogenous variable …
Persistent link: https://www.econbiz.de/10011400913