Staatsverschuldung und Inflation: eine empirische Analyse für Deutschland

Alexander Mehnert and Andreas Nastansky

No 2, Potsdamer Schriften zu Statistik und Wirtschaft from Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät

Abstract: In the following study the relation between the public debt and the inflation will be analysed. The transmission from the public debt to the inflation through the money supply and long term interest rate will be shown. Based on these theoretical thoughts the variables public debt, consumer price index, money supply m3 and the long term interest rate will be analysed within a vector error correction model. In the empirical part of this paper we will evaluate the timeperiod from the first quarter in 1991 until the fourth quarter in 2010 for Germany. In a vector error correction model every variable can be taken as endogenous. The variables in the model will be tested for cointegrated relationships and estimated with the Johansen-Approach.

Keywords: Public Debt; Central Bank Policy; Inflation; Cointegration; Vector Error Correction Model; Johansen Approach (search for similar items in EconPapers)
JEL-codes: C32 C51 E31 E58 H63 (search for similar items in EconPapers)
Date: 2012-07
New Economics Papers: this item is included in nep-ger and nep-mac
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Citations: View citations in EconPapers (1)

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