Arbeitspapier
The (in)stability of money demand in the Euro area
The instability of standard money demand functions has undermined the role of monetary aggregates for monetary policy analysis in the euro area. This paper uses country-specific monetary aggregates to shed more light on the economics behind the instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of standard money demand functions could be explained by omitted variables like e.g. technological progress that are important for money demand but constant across member countries.
- ISBN
-
978-3-941240-29-2
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeiträge ; No. 2010/17
- Klassifikation
-
Wirtschaft
Demand for Money
Money Supply; Credit; Money Multipliers
Monetary Policy
- Thema
-
Money demand
cross-country analysis
panel error correction model
euro area
Geldnachfrage
Panel
Fehlerkorrekturmodell
Schätzung
Eurozone
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Nautz, Dieter
Rondorf, Ulrike
- Ereignis
-
Veröffentlichung
- (wer)
-
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
- (wo)
-
Berlin
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Nautz, Dieter
- Rondorf, Ulrike
- Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
Entstanden
- 2010
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