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Money Demand in Euroland Author info | Abstract | Publisher info | Download info | Related research | Statistics Michael Funke ()
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This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1-1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate that broad (narrow) money demand in Euroland is a stable (unstable) function of Euroland-wide income and interest rates.
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Paper provided by Hamburg University, Department of Economics in its series Quantitative Macroeconomics Working Papers with number
20112.
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Date of creation: Dec 2001Date of revision:
Handle: RePEc:ham:qmwops:20112Contact details of provider: Postal: Von-Melle-Park 5 D-20146 Hamburg Phone: : +49 (0)40 42838-4674 Fax: +49 (0)40 42838-5546 Web page: http://www.rrz.uni-hamburg.de/wst/ More information through EDIRC
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Keywords: Money Demand Monetary Policy European Central Bank Other versions of this item:
Find related papers by JEL classification: E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
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