Overview

The volume gives an overview of money demand analysis in Europe in the eve of the introduction of the Euro in some European countries. It contributes to the discussion on a suitable monetary policy for the new European Central Bank. The alternative strategies under discussion are a direct inflation targeting, an intermediate monetary targeting or a mixture of both. For these policy strategies a stable money demand relation is of central importance. The articles in this volume present empirical studies of money demand based on up-to-date time series econometric methods.

Full Product Details

Author:   Helmut Lütkepohl ,  Jürgen Wolters
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Physica-Verlag GmbH & Co
Edition:   Softcover reprint of hardcover 1st ed. 1999
Dimensions:   Width: 21.00cm , Height: 1.40cm , Length: 27.90cm
Weight:   0.676kg
ISBN:  

9783790824605

ISBN 10:   3790824607
Pages:   260
Publication Date:   19 October 2010
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Methodological studies.- Exogeneity, causality, and co-breaking in economic policy analysis of a small econometric model of money in the UK.- Empirical modeling of money demand.- Single country studies.- Stability of the demand for M1 and harmonized M3 in Finland.- The demand for broad money in Norway, 1969–1993.- The stability of German money demand: Not just a myth.- A money demand system for German M3.- Money demand stability: Evidence from Spain.- Friedman and Schwartz (1982) revisited: Assessing annual and phase-average models of money demand in the United Kingdom.- Broad money demand and financial liberalization of Greece.- Stability of money demand in Switzerland A comparison of the M2 and M3 cases.- Multi-country studies.- Changing monetary transmission mechanisms within the EU.- Long run money demand in the EU: Evidence for area-wide aggregates.- Wealth and the demand for money in the European union.- Workshop “Money demand in Europe”: List of participants.

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