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1. Money demand in Europe : Evidence from the past

   Author: Hahn, Elke; Müller-Kademann, Christian

   Published: 2000

   Publisher:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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   Source:	Union catalogues
   Language:	English
   Media type:	Book
   Format:	Online
   Other identifier:	hdl: 10419/18174 urn: urn:nbn:de:101:1-201802155660
   RVK Categories:	QB 910 ; QM 333 ; QB 910 ; QM 333
   DDC Categories:	330; 380; 650; 670
   Series:	DIW Discussion Papers ; 204
   Subjects:	Geldnachfrage; Aggregation; Kointegration; Schätzung
   Other subjects:	(stw)Geldnachfrage; (stw)Aggregation; (stw)Eurozone; (stw)Kointegration; (stw)Schätzung; (stw)EU-Staaten; jel:E41; jel:E52; jel:C32; Geldnachfrage; Kointegrationsanalyse; Europäische Währungsunion; money demand; cointegration analysis; European Monetary Union; Geldnachfrage (STW); Aggregation (STW); Europäische Wirtschafts- und Währungsunion (STW); Kointegration (STW); Schätzung (STW); EU-Staaten (STW); Online-Publikation; Arbeitspapier; Arbeitspapier; Graue Literatur
   Scope:	Online-Ressource

2. Welfare costs of inflation in a dynamic economy with search unemployment and endogenous growth

   Author: Heer, Burkhard

   Published: 2000

   Publisher:  CESifo, München

   Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces the growth rate. We present a monetary endogenous growth model with labor market frictions in the form of search unemployment... more

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   Bremen: Staats- und Universitätsbibliothek Bremen

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   Staats- und Universitätsbibliothek Bremen

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   Göttingen: Niedersächsische Staats- und Universitätsbibliothek Göttingen

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   Niedersächsische Staats- und Universitätsbibliothek Göttingen

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   Kiel: ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

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   ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel

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   DS 63 (296)

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   Osnabrück: Universitätsbibliothek Osnabrück

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   Universitätsbibliothek Osnabrück

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   Recent work on money and endogenous growth finds modest welfare costs of inflation. Furthermore, high inflation reduces the growth rate. We present a monetary endogenous growth model with labor market frictions in the form of search unemployment which is calibrated for the US economy. Interestingly, both employment and the growth rate may even increase with the rate of inflation depending on the elasticity of labor supply. Considering the transition dynamics following a change in the monetary policy, the optimal quarterly inflation rate is found to amount to approximately 3.5% in the benchmark case. A reduction of the inflation rate from its optimal value to zero results in a welfare loss equal to 0.3% of total consumption.

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   Source:	Union catalogues
   Language:	English
   Media type:	Book
   Format:	Online
   Other identifier:	hdl: 10419/75657
   Series:	CESifo Working Paper ; 296
   Subjects:	welfare costs of inflation; money demand; search unemployment; endogenous growth; transistion dynamics
   Scope:	Online-Ressource (20 S.)