Money Demand and Disinflation in Selected CEECs during the Accession to the EU

Fidrmuc, Jarko

[journal article]

dc.contributor.author	Fidrmuc, Jarko	de
dc.date.accessioned	2011-04-01T04:12:00Z	de
dc.date.accessioned	2012-08-30T04:48:43Z
dc.date.available	2012-08-30T04:48:43Z
dc.date.issued	2009	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24136
dc.description.abstract	A panel data set for six countries (Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia) is used to estimate money demand with panel cointegration methods over the recent disinflation period. The basic money demand model is able to convincingly explain the long-run dynamics of M2 in the selected countries. However, money demand is found to have been significantly determined by the euro area interest rates and the exchange rate against the euro, which indicates possible instability of money demand functions in the CEECs. Therefore, direct inflation targeting is an appropriate monetary regime before the eventual adoption of the euro.	en
dc.language	en	de
dc.title	Money Demand and Disinflation in Selected CEECs during the Accession to the EU	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	41	de
dc.source.issue	10	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-241362	de
dc.date.modified	2011-04-01T04:12:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	-1	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.source.pageinfo	1259-1267
internal.identifier.journal	21	de
internal.identifier.document	32
dc.identifier.doi	https://doi.org/10.1080/00036840601019323	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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