Money Demand In Europe by HELMUT LÜTKEPOHLMoney Demand In Europe by HELMUT LÜTKEPOHL

Money Demand In Europe

byHELMUT LÜTKEPOHLEditorJürgen Wolters


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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.
Title:Money Demand In EuropeFormat:HardcoverDimensions:260 pages

The following ISBNs are associated with this title:

ISBN - 10:3790811823

ISBN - 13:9783790811827

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Table of Contents

H. Lütkepohl, J. Wolters: Preface.- Methodological Studies: D.F. Hendry, G.E. Mizon: Exogeneity, Causality, and Co-breaking in Economic Policy Analysis of a Small Econometric Model of Money in the UK.- N.R. Ericsson: Empirical Modeling of Money Demand.- Single Country Studies: A. Ripatti: Stability of the Demand for M1 and Harmonized M3 in Finland.- O. Eitrheim: The Demand for Broad Money in Norway, 1969-1993.- M. Scharnagl: The Stability of German Money Demand: Not Just a Myth.- H. Lütkepohl, J. Wolters: A Money Demand System for German M3.- J.L. Vega: Money Demand Stability: Evidence from Spain.- N.R. Ericsson, D.F. Hendry, K.M. Prestwich: Friedman and Schwartz (1982) Revisited: Assessing Annual and Phase-Average Models of Money Demand in the United Kingdom.- N.R. Ericsson, S. Sharma: Broad Money Demand and Financial Liberalization in Greece.- M. Peytrignet, C. Stahel: Stability of Money Demand in Switzerland: A Comparison of the M2 and M3 Cases.- Multi-Country Studies: K. Juselius: Changing Monetary Transmission Mechanisms within the EU.- G. Fagan, J. Henry: Long Run Money Demand in the EU: Evidence for Area-Wide Aggregates.- M.M.G. Fase, C.C.A. Winder: Wealth and the Demand for Money in the European Union.