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econometric modelling of european money demand (in English)
Plassmann (Author)
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econometric modelling of european money demand (in English) - plassmann
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Synopsis "econometric modelling of european money demand (in English)"
the introduction of a single european currency constitutes a remarkable instance of internationalization of monetary policy. whether a concomitant internationalization can be detected also in the econometric foundations of monetary policy is the problem dealt with in this book. its basic theoretical ingredients comprise a data-driven approach to econometric modelling and a generalized approach to cross-sectional aggregation. the resulting econometric model systematically combines statistical and economic theory by extending a cointegrated var into a structural ecm. the empirical outcome is a data-consistent causal money demand function, isolated within a properly identified dynamic macroeconomic system for europe.
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The book is written in English.
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