Add to ORKGThe existence of a long-run equilibrium relationship between real money balances, real output and an interest rate plays an important role in economic theory and monetary policy. The main purpose of this paper is to look for such a long-run relationship in Germany in face of a changing monetary policy regime in mid-1970s. We use a test for cointegration developed by Johansen (1988). The empirical evidence is very fragile depending heavily on the time period analyzed.
Abstract: In this paper we argue that both statistics and economic theory-based evidence largely ind...
The paper analyzes the influence of the Bundesbank's inflation targeting policy on the behavior of t...
The paper tests for long-run monetary policy convergence and short-run policy interactions in seven...
Price Gap, Cointegration and Causality - a Time Series-Based Analysis of the Monetary Stock in Germa...
The main purpose of this dissertation is to investigate and estimate long-run relationships for narr...
The Johansen procedure of cointegration is used to test the hypothesis of a stationary relationship ...
The paper attempts to identify an empirical relationship that characterizes the way the Bundesbank a...
We use cointegration tests that determine endogenously the regime shift to test for bilateral short...
Abstract The paper sets out theory and evidence for the equilibrium determination of the nominal int...
In this paper cointegration analysis is used to examine the long−run relationship between money, pri...
This study analyses the transmission of monetary policy in Germany for the EMS period in the frame-w...
This paper presents a multivariate analysis of a money demand system in Europe. The system comprises...
Is a central bank able to influence stock market returns? In order to answer this question, we test ...
In this paper the linkages between money growth and inflation are investigated. Two vector error cor...
The theory of real business cycles (RBC) interprets the often found link between money and output as...
Abstract: In this paper we argue that both statistics and economic theory-based evidence largely ind...
The paper analyzes the influence of the Bundesbank's inflation targeting policy on the behavior of t...
The paper tests for long-run monetary policy convergence and short-run policy interactions in seven...
Price Gap, Cointegration and Causality - a Time Series-Based Analysis of the Monetary Stock in Germa...
The main purpose of this dissertation is to investigate and estimate long-run relationships for narr...
The Johansen procedure of cointegration is used to test the hypothesis of a stationary relationship ...
The paper attempts to identify an empirical relationship that characterizes the way the Bundesbank a...
We use cointegration tests that determine endogenously the regime shift to test for bilateral short...
Abstract The paper sets out theory and evidence for the equilibrium determination of the nominal int...
In this paper cointegration analysis is used to examine the long−run relationship between money, pri...
This study analyses the transmission of monetary policy in Germany for the EMS period in the frame-w...
This paper presents a multivariate analysis of a money demand system in Europe. The system comprises...
Is a central bank able to influence stock market returns? In order to answer this question, we test ...
In this paper the linkages between money growth and inflation are investigated. Two vector error cor...
The theory of real business cycles (RBC) interprets the often found link between money and output as...
Abstract: In this paper we argue that both statistics and economic theory-based evidence largely ind...
The paper analyzes the influence of the Bundesbank's inflation targeting policy on the behavior of t...
The paper tests for long-run monetary policy convergence and short-run policy interactions in seven...