Comparison of M3 and Divisia M3 Aggregates for the Euro Area
作者： Hans-Eggert Reimers
DOI: 10.1007/978-1-4757-3602-1_12
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摘要: In this paper different Divisia monetary aggregates for the euro area are constructed over period from 1980 to 2000. Empirically compared in respect of money demand functions. First, evaluated using cointegrated VEC model and single equation techniques where stable functions estimated. Second, their controllability is investigated.
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