Item description for Econometric Modelling of European Money Demand: Aggregation, Cointegration, Identification (Contributions to Economics) by Engelbert Plassmann...
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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Est. Packaging Dimensions: Length: 9.21" Width: 6.14" Height: 0.46" Weight: 0.74 lbs.
Release Date Nov 11, 2002
Publisher Physica-Verlag Heidelberg
ISBN 3790815225 ISBN13 9783790815221
Availability 100 units. Availability accurate as of Oct 26, 2016 07:21.
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