A note on the national contributions to the euro area M3

Aaron Mehrotra

No 2/2007, Bank of Finland Research Discussion Papers from Bank of Finland

Abstract: We examine developments in national contributions to euro area M3 for a sample of nine euro area countries during 1999-2005.We investigate the co-movements of national contributions with euro area M3 and discuss possible reasons for divergencies in growth rates of national contributions.Finally, we evaluate the information content of national contributions to M3 using formal tests of causality between monetary aggregates, consumer prices and equity prices.

Keywords: national contribution; M3; euro area (search for similar items in EconPapers)
JEL-codes: E31 E51 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofrdp:rdp2007_002

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