haku: @author Fagan, G. / yhteensä: 1
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| Tekijä: | Fagan, G. Henry, J. |
| Otsikko: | Long run money demand in the EU: evidence for areawide aggregates |
| Lehti: | Empirical Economics
1998 : VOL. 23:3, p. 483-506 |
| Asiasana: | EMPIRICAL RESEARCH ECONOMICS EUROPEAN UNION |
| Kieli: | eng |
| Tiivistelmä: | Long-run properties of EU-wide money aggregates are analyzed. For each of the three aggregates considered -- Currency, M1 and M3H -- it is possible to obtain cointegrating relationships with GDP and interest rates. Results are not improved when traditional aggregates, obtained by aggregating existing national aggregates, are extended by the inclusion of various measures of Cross-Border Holdings. Specific attention is also paid to aggregation issues and the relative performance of area-wide and national equations. |
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