Is the demand for Euro area M3 stable?: background study for the evaluation of the ECB's monetary policy strategy
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Europ. Central Bank
2003
|
| Schriftenreihe: | Working paper series / European Central Bank
255 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Literaturverz. S. 57 - 59 |
| Beschreibung: | 62 S. graph. Darst. |
Internformat
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| 100 | 1 | |a Bruggeman, Annick |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Is the demand for Euro area M3 stable? |b background study for the evaluation of the ECB's monetary policy strategy |c Annick Bruggeman, Paola Donati and Anders Warne |
| 264 | 1 | |a Frankfurt am Main |b Europ. Central Bank |c 2003 | |
| 300 | |a 62 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Working paper series / European Central Bank |v 255 | |
| 500 | |a Literaturverz. S. 57 - 59 | ||
| 650 | 4 | |a Geldnachfrage / Geldmenge / Aggregation / Europäische Wirtschafts- und Währungsunion / EU-Staaten | |
| 700 | 1 | |a Donati, Paola |e Verfasser |4 aut | |
| 700 | 1 | |a Warne, Anders |e Verfasser |4 aut | |
| 810 | 2 | |a European Central Bank |t Working paper series |v 255 |w (DE-604)BV012681744 |9 255 | |
| 856 | 4 | 2 | |m DNB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010582502&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-010582502 | |
Datensatz im Suchindex
| _version_ | 1807593248413188096 |
|---|---|
| adam_text |
CONTENTS
ABSTRACT
4
NON-TECHNICAL
SUMMARY
5
I
INTRODUCTION
7
2
MEASUREMENT
ISSUES
10
2.
1
THE
AGGREGATION
METHODOLOGY
1
0
2.1.1
SCALE
VARIABLES
10
2.
1
.2
INTEREST
RATES
1
2
2.2
THE
APPROPRIATE
DEFINITION
OF
THE
OPPORTUNITY
COSTS
OF
HOLDING
MONEY
1
3
3
THE
BENCHMARK
MONEY
DEMAND
SYSTEM
14
3.
1
LAG
ORDER
AND
COINTEGRATION
RANK
1
5
3.2
THE
COINTEGRATION
SPACE
1
6
4
CONSTANCY
ANALYSIS
19
4.
1
PRELIMINARY
CONSIDERATIONS
19
4.2
THE
NON-ZERO
EIGENVALUES
20
4.3
THE
COINTEGRATION
SPACE
20
4.4
THE
SHORT-RUN
DYNAMICS
23
4.5
EXCLUDING
DATA
PRIOR
TO
1983
25
5
AN
ALTERNATIVE
AGGREGATION
METHOD
26
5.1
TWO
COINTEGRATION
RELATIONS
26
5.2
THREE
COINTEGRATION
RELATIONS
27
5.3
COMPARING
THE
RESULTS
FROM
THE
TWO
AGGREGATION
METHODS
29
6
THE
IMPORTANCE
OF
ASSET
MARKETS
30
6.
1
ADDING
REAL
STOCK
PRICES
TO
THE
STATISTICAL
MODEL
30
6.2
DOES
VOLATILITY
MATTER?
32
7
SUMMARY
AND
CONCLUSIONS
34
APPENDIX
A
THE
CONSTRUCTION
OF
THE
OWN
RATE
OF
RETURN
OF
EURO
AREA
M3
37
TABLES
AND
FIGURES
38
REFERENCES
57
EUROPEAN
CENTRAL
BANK
WORKING
PAPER
SERIES
60 |
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| illustrated | Illustrated |
| indexdate | 2024-08-17T00:40:53Z |
| institution | BVB |
| language | English |
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| physical | 62 S. graph. Darst. |
| publishDate | 2003 |
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| publisher | Europ. Central Bank |
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| series2 | Working paper series / European Central Bank |
| spelling | Bruggeman, Annick Verfasser aut Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy Annick Bruggeman, Paola Donati and Anders Warne Frankfurt am Main Europ. Central Bank 2003 62 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Working paper series / European Central Bank 255 Literaturverz. S. 57 - 59 Geldnachfrage / Geldmenge / Aggregation / Europäische Wirtschafts- und Währungsunion / EU-Staaten Donati, Paola Verfasser aut Warne, Anders Verfasser aut European Central Bank Working paper series 255 (DE-604)BV012681744 255 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010582502&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bruggeman, Annick Donati, Paola Warne, Anders Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy Geldnachfrage / Geldmenge / Aggregation / Europäische Wirtschafts- und Währungsunion / EU-Staaten |
| title | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy |
| title_auth | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy |
| title_exact_search | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy |
| title_full | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy Annick Bruggeman, Paola Donati and Anders Warne |
| title_fullStr | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy Annick Bruggeman, Paola Donati and Anders Warne |
| title_full_unstemmed | Is the demand for Euro area M3 stable? background study for the evaluation of the ECB's monetary policy strategy Annick Bruggeman, Paola Donati and Anders Warne |
| title_short | Is the demand for Euro area M3 stable? |
| title_sort | is the demand for euro area m3 stable background study for the evaluation of the ecb s monetary policy strategy |
| title_sub | background study for the evaluation of the ECB's monetary policy strategy |
| topic | Geldnachfrage / Geldmenge / Aggregation / Europäische Wirtschafts- und Währungsunion / EU-Staaten |
| topic_facet | Geldnachfrage / Geldmenge / Aggregation / Europäische Wirtschafts- und Währungsunion / EU-Staaten |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010582502&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV012681744 |
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