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Investigating M3 money demand in the euro area

✍ Scribed by Christian Dreger; Jürgen Wolters


Book ID
116658980
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
291 KB
Volume
29
Category
Article
ISSN
0261-5606

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The demand for M3 in the euro area
✍ G. Coenen; J.-L. Vega 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 220 KB

## Abstract In this paper, an empirically stable money demand model for M3 in the euro area is constructed. Starting with a multivariate system, three cointegrating relationships with economic content are found: (i) the spread between the long‐term and the short‐term nominal interest rates, (ii) th