Aggregierte Geldnachfrage in Europa. Eine empirische Untersuchung der Geldmenge M1
AbstractThe paper investigates the existence of a stable money demand function for four major european countries. Estimation of individual and aggregate money demand functions is performed using the cointegration framework developed by Engle and Granger (1987). The results for aggregate and individual equations are compared with respect to parameter values, explanatory power, and forecasting performance.
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Bibliographic InfoPaper provided by University of Bonn, Germany in its series Discussion Paper Serie B with number 269.
Date of creation: Feb 1994
Date of revision:
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demand for money; European monetary integration; aggregation;
Find related papers by JEL classification:
- E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
- F - International Economics
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