Darvas, Zsolt (2015) Does money matter in the euro area? ECONOMICS LETTERS, 133. pp. 123-126. ISSN 0165-1765
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Official URL: http://dx.doi.org/10.1016/j.econlet.2015.05.034
Abstract
Abstract We create a euro-area Divisia-money dataset and estimate theoretically correct responses to money, user cost and interest rate shocks using structural vector-autoregressions. Our findings suggest that money matters for output, prices and interest rates, while the European Central Bank can influence monetary developments.
| Item Type: | Article |
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| Uncontrolled Keywords: | Structural VAR; monetary policy; Monetary aggregation; Divisia |
| Subjects: | H Social Sciences / társadalomtudományok > HG Finance / pénzügy H Social Sciences / társadalomtudományok > HG Finance / pénzügy > HG5 Monetary system / pénzrendszer |
| SWORD Depositor: | MTMT SWORD |
| Depositing User: | MTMT SWORD |
| Date Deposited: | 08 Jun 2016 08:58 |
| Last Modified: | 08 Jun 2016 08:58 |
| URI: | http://real.mtak.hu/id/eprint/36020 |
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