Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F10%3A00157947" target="_blank" >RIV/62156489:43110/10:00157947 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity

Popis výsledku v původním jazyce

The primary target of most central banks in developed economies is to maintain price stability. When there is no threat to the fulfilment of the primary target, the central bank focuses on its secondary target which is defined as support of a sustainableeconomic growth and full employment. Even though, a substantial part of the discussions regarding the targets of the central banks focus on price stability, the real target is to support a sustainable economic growth, especially to stabilize the fluctuation in the economic activity. This paper focuses on the current problems of monetary policy implementation in the Eurozone. Firstly, the author focus on the money demand function estimation and its stability. Another problem lies in the Postkeynesians'assumptions of money endogeneity. Although central banks may have certain control over the money supply, they cannot fix the stock of money in a country. Different trends in monetary aggregates fluctuation contribute to reject the money e

Název v anglickém jazyce

Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity

Popis výsledku anglicky

The primary target of most central banks in developed economies is to maintain price stability. When there is no threat to the fulfilment of the primary target, the central bank focuses on its secondary target which is defined as support of a sustainableeconomic growth and full employment. Even though, a substantial part of the discussions regarding the targets of the central banks focus on price stability, the real target is to support a sustainable economic growth, especially to stabilize the fluctuation in the economic activity. This paper focuses on the current problems of monetary policy implementation in the Eurozone. Firstly, the author focus on the money demand function estimation and its stability. Another problem lies in the Postkeynesians'assumptions of money endogeneity. Although central banks may have certain control over the money supply, they cannot fix the stock of money in a country. Different trends in monetary aggregates fluctuation contribute to reject the money e

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)

Rok uplatnění

2010

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Bulletin of the Transilvania University of Brasov

ISSN

2065-2194

e-ISSN

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Svazek periodika

52

Číslo periodika v rámci svazku

V

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

12

Strana od-do

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Kód UT WoS článku

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EID výsledku v databázi Scopus

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