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Changing monetary transmission mechanisms within the EU

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Money Demand in Europe

Part of the book series: Studies in Empirical Economics ((STUDEMP))

Abstract

The paper presents a comparative analysis of monetary transmission mechanisms and changes in them after the “second ERM” in March 1983. The empirical model investigates the determination of money, income, prices, and interest rates in Germany, Denmark, and Italy based on the cointegrated VAR model. It provides empirical results on the macroeconomic effects of joining the ERM and financial deregulation.

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References

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Author information

Authors and Affiliations

  1. Institute of Economics, University of Copenhagen, DK-1169, Copenhagen, Denmark

    Katarina Juselius

  2. Economics Department, European University Institute, Via die Roccettini 9, I-50016, San Domenico, Italy

    Katarina Juselius

Authors
  1. Katarina Juselius
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Editor information

Editors and Affiliations

  1. Institut für Statistik und Ökonometrie Wirtschaftswissenschaftliche Fakultät, Humboldt-Universität zu Berlin, Spandauer Straße 1, D-10178, Berlin, Germany

    Helmut Lütkepohl

  2. Institut für Statistik und Ökonometrie Fachbereich Wirtschaftswissenschaft, Freie Universität Berlin, Boltzmannstraße 20, D-14195, Berlin, Germany

    Jürgen Wolters

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© 1999 Springer-Verlag Berlin Heidelberg

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Juselius, K. (1999). Changing monetary transmission mechanisms within the EU. In: Lütkepohl, H., Wolters, J. (eds) Money Demand in Europe. Studies in Empirical Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-12539-7_11

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  • DOI: https://doi.org/10.1007/978-3-662-12539-7_11

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-2460-5

  • Online ISBN: 978-3-662-12539-7

  • eBook Packages: Springer Book Archive

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