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Cointegration Analysis in a German Monetary System
Kirstin Hubrich
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Description for Cointegration Analysis in a German Monetary System
Paperback. The decision of the European Central Bank to assign a prominent role to a monetary aggregate in its policy strategy raises issues around the policy of monetary targeting of the German Bundesbank. Here, the focus of the empirical analysis is on long-run monetary relationships. Series: Contributions to Economics. Num Pages: 177 pages, 30 black & white tables, biography. BIC Classification: 1DFG; KCBM; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 10. Weight in Grams: 300.
With the decision of the European Central Bank to assign a prominent role to a monetary aggregate in its policy strategy, it is essential to further understand the policy of monetary targeting of the German Bundesbank and the conditions under which it succeeded. The focus of the empirical analysis is on long-run monetary relationships. A small sample simulation analysis compares the size and power properties of a broad range of systems cointegration tests. The results determine the methods chosen for the cointegration analysis of a small system of macroeconomic variables for Germany. Three stable long-run economic relationships are found which ... Read more
With the decision of the European Central Bank to assign a prominent role to a monetary aggregate in its policy strategy, it is essential to further understand the policy of monetary targeting of the German Bundesbank and the conditions under which it succeeded. The focus of the empirical analysis is on long-run monetary relationships. A small sample simulation analysis compares the size and power properties of a broad range of systems cointegration tests. The results determine the methods chosen for the cointegration analysis of a small system of macroeconomic variables for Germany. Three stable long-run economic relationships are found which ... Read more
Product Details
Format
Paperback
Publication date
2000
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
177
Condition
New
Series
Contributions to Economics
Number of Pages
177
Place of Publication
Heidelberg, Germany
ISBN
9783790813524
SKU
V9783790813524
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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