Arbeitspapier
Stability issues in German money multiplier forecasts
This paper investigates the stability of the German money supply focusing on the period 1991 - 1998. It is shown that the standard ARIMA-Transfer model approach in the literature needs to be augmented by a cointegration term to adequately model the dynamics of money supply in Germany. Additional analysis with regard to the influence of financial innovations on the control of money supply yields evidence that the influence of financial innovations on the multiplier has increased steadily during the observation period.
- Language
-
Englisch
- Bibliographic citation
-
Series: Research Notes ; No. 99-8
- Classification
-
Wirtschaft
- Subject
-
Money Supply
Financial Innovation
Forecasting Money Multiplier
Geldschöpfung
Geldangebot
Volatilität
Finanzinnovation
ARCH-Modell
Schätzung
Deutschland
- Event
-
Geistige Schöpfung
- (who)
-
Polster, Rainer
Gottschling, Andreas
- Event
-
Veröffentlichung
- (who)
-
Deutsche Bank Research
- (where)
-
Frankfurt a. M.
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Polster, Rainer
- Gottschling, Andreas
- Deutsche Bank Research
Time of origin
- 1999
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