Money Demand in Euroland

Michael Funke

Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics

Abstract: This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1-1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate that broad (narrow) money demand in Euroland is a stable (unstable) function of Euroland-wide income and interest rates.

Keywords: Money Demand; Monetary Policy; European Central Bank (search for similar items in EconPapers)
JEL-codes: C32 E41 E52 (search for similar items in EconPapers)
Date: 2001-12
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Citations: View citations in EconPapers (64)

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Journal Article: Money demand in Euroland (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:20112

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