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Helmut Lutkepohl, Jurgen Wolters

Money Demand in Europe (Studies in Empirical Economics)

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ISBN: 3790811823
Издательство: Physica-Verlag
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 ofmoney demand based on up-to-date time series econometric methods.