External authors

Ralph Setzer

External author

Ralph Setzer works at the Directorate-General Economic and Financial Affairs European Commission.

You can see his IDEAS profile at http://ideas.repec.org/f/pse321.html

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External Publication

Money demand in the euro area: new insights from disaggregated data

Conventional money demand specifications in the euro area have become unstable since 2001. We specify a money demand equation in deviations of individual euro area Member States variables from the euro area average and show that the income elasticity as well as the interest rate semi-elasticity remain stable. The corresponding deep parameters of the utility […]

By: Ralph Setzer and Guntram B. Wolff Topic: Macroeconomic policy Date: August 21, 2012