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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Notes ; No. 99-8
- Klassifikation
-
Wirtschaft
- Thema
-
Money Supply
Financial Innovation
Forecasting Money Multiplier
Geldschöpfung
Geldangebot
Volatilität
Finanzinnovation
ARCH-Modell
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Polster, Rainer
Gottschling, Andreas
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bank Research
- (wo)
-
Frankfurt a. M.
- (wann)
-
1999
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Polster, Rainer
- Gottschling, Andreas
- Deutsche Bank Research
Entstanden
- 1999
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