Money Demand in Europe : Evidence from the Past

@inproceedings{ullerMoneyDI,
  title={Money Demand in Europe : Evidence from the Past},
  author={Christian M uller and Elke Hahn}
}
The conditions under which European monetary policy is likely to be conducted are investigated by means of multi-variate time series modelling using aggregated data of all eleven European Monetary Union member states. A cointegration analysis identi es two stable long-run relationships within a set of ve key macroeconomic variables, one of which can be interpreted as a money demand function and a second one as a long term real interest rate (Fisher parity). Our ndings indicate that monetary… CONTINUE READING
5 Citations
21 References
Similar Papers

References

Publications referenced by this paper.
Showing 1-10 of 21 references

A Review of Systems Cointegration Tests, Discussion Paper 101, Sonderforschungsbereich 373 at Humboldt-Universitat zu Berlin, http://sfb.wiwi.hu-berlin.de/cgi-bin/sfb/read.pl?jahr=1998

  • H. utkepohl, P. Saikkonen
  • 1998
Highly Influential
7 Excerpts

Identifying restrictions of linear equation with applications to simultaneous equations and cointegration

  • S. Johansen
  • JOEM 69:
  • 1995
Highly Influential
5 Excerpts

The Myth of a Stable European Money Demand

  • I. J. Arnold
  • Open Economics Review
  • 1994
Highly Influential
4 Excerpts

PcFiml 9.0. A module for econometric modelling of dynamic

  • J. A. Central Bank. Doornik, D. F. Hendry
  • 1997
Highly Influential
2 Excerpts

Empirical modelling of money demand, in H. L

  • N. systems. Ericsson
  • 1999
2 Excerpts

Long run money demand in the EU: Evidence for area wide aggregates

  • G. Bank. Fagan, J. Henry
  • Money Demand in Europe,
  • 1999
2 Excerpts

The Stability of European Money Demand: An Investigation of M3H, Dissertation, Universitat Bonn, Department of Economics

  • K. Wesche
  • 1998
1 Excerpt

Testing cointegration in in nite order vector autoregressive processes, JOEM

  • P. Saikkonen, R. Luukkonen
  • 1997
1 Excerpt

Similar Papers

Loading similar papers…