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Browsing ECO Articles by Subject "money overhang"
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Title:Money Demand Stability and Inflation Prediction in the Four Largest EMU Countries
Author(s):CARSTENSEN, Kai; HAGEN, Jan; HOSSFELD, Oliver; NEAVES, Abelardo SalazarDate:2009Type of Publication:ArticleAbstract:In this paper, we analyze the money demand functions of the four largest EMU countries and of the four-country (EMU-4) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain ...