279-291.
biblio-Entry Issing, O. (1992), Theoretical and Empirical Foundations of the Bundesbank’s Monetary Targeting, Intereconomics 27, 289-300.
biblio-Entry Issing, O. (1993), Central Bank Independence [...] 2 Svensson, L.E.O. (1997a), Optimal Inflation Contracts, Conservative Central Banks and Linear Inflation Contracts, American Economic Review 87, 98-114.
body_Text_2 Svensson, L.E.O. (1997b), Inflation [...] report.
standard
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explicitly lays down price stability as objective of monetary policy;
standard (o)
some responsibility for exchange rate regime transferred
Mortgages, Labor Markets, and Efficiency, Journal of Money,
Credit and Banking 50, 1033-1072.
Koijen, R., O. van Hemert & S. van Nieuwerburgh (2009), Mortgage Timing, Journal of
Financial Economics 93, 292–324 [...]
27 Sorting on the Labour Market: A Literature Overview and Theoretical Framework
von Stephan O. Hornig, Horst Rottmann und Rüdiger Wapler
28 Der Beitrag der Kirche zur Demokratisierungsgestaltung
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s1 Issing, O. (1994), Die Geldmengenstrategie der Deutschen Bundesbank, Lecture at the symposium "20 Years of Monetary
Weiden and WSB Poznan, Hetzenrichter Weg 15, D-92637 Weiden, Germany
a r t i c l e i n f o
Article history:
Received 3 November 2011
Received in revised form 28 January 2013
Accepted 27 May
unter
europa-geldpolitik.de
page
Zusammenfassung 39
Weiterführende Literatur
Issing, O. (2008), Der Euro – Geburt, Erfolg, Zukunft, München.
Otmar Issing war eine außergewöhnliche und e
created 2013-06-21T15:41:41Z
the role of money in modern macro models_rome
page
R O M E
Research On Money in the Economy
ROME Discussion Paper Series
“Research on Money in the Economy”
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27 Sorting on the Labour Market: A Literature Overview and Theoretical Framework
von Stephan O.Hornig, Horst Rottmann und Rüdiger Wapler
28 Der Beitrag der Kirche zur Demokratisierungsgestaltung
he Aspekte ..., a.a.O.,
S. 29 und d i e s . : Fundamentale Bestimmungsgründe ...“, a.a.O.,
S. 62; H. F r i t z , H.-J. Wa g e n e r, a.a.O., S. 619; und W. S c h ä f e r,
a.a.O., S. 97.
32 H. B e [...] Monatsbericht Februar 2004, S. 56.
14 Vgl. R. D o b r i n s k y, a.a.O., S. 314.
15 Zur Rolle von Direktinvestitionen beim Technologietransfer siehe
etwa T. J o s t : Auswirkungen von Direktinvestitionen [...] nicht-handelbaren Gütern aber nicht nur
5 Siehe hierzu im Einzelnen E. G ö rg e n s , K. R u c k r i e g e l , F. S e i t z ,
a.a.O., Kapitel I. „Bei der Aufnahme der zwölf Mitgliedstaaten, die
derzeit
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Notes: AIC (SC): Akaike (Schwarz) information criteria [...] University of Applied Sciences, Hetzenrichter Weg 15, D-92637 Weiden, Germany
a r t i c l e i n f o
Article history:
Received 4 December 2015
Received in revised form 24 May 2016
Accepted 25 May 2016
8
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M o n e y s t o c k ( r a t e o f c h a n ge , f - q )
1) The measurement errors are defined as the differences between the ex post figures (March 1999 vintages)
and the initial
since 1980, in: Journal
of Money, Credit and Banking 32, S. 417-434.
ISSING, O. / GASPAR, V. / ANGELONI, I. / TRISTANI, O. (2001): Monetary Policy in the Euro Area –
Strategy and Decision Making at the [...] Behavior and the Strategy of Monetary Policy:
Observations from Six Industrialized Countries, in: O. Blanchard / S. Fischer (Hrsg.), NBER
Macroeconomics Annual, Cambridge, S. 183-238.
BHF-BANK (2002): [...]
ILLING, G. (2000): Zentralbankverfassungen, in: J. von Hagen / J.H. von Stein (Hrsg.), G. Obst, O.
Hintner: Geld-, Bank- und Börsenwesen – Handbuch des Finanzwesen, , 40. Auflage, Stuttgart,
S. 1620-1639
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, respectively. The trend variable calculated in this way was used in the analysis in the main
Inflation?, Federal
Reserve Bank of Richmond Economic Quarterly, Vol. 90(3)
(2004), S. 47–63.
Issing, O., Monetary Theory as a Basis for Monetary Policy: Re-
flections of a Central Banker, in: A. Leijonhufvud
eher noch wei-
ter verschärfen.
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[...] Issing, O. (1995): Die Geldmengenstrategie der Deutschen Bundesbank, in: Siebke, J.
and J. Thieme (eds.): Zwanzig Jahre Geldmengensteuerung in Deutschland,
Baden-Baden, pp. 586-611.
Issing, O. (1997):
for euro cash in central, eastern and south-eastern European
countries was estimated using the OeNB Euro Survey. This is a survey that has been
conducted by the Austrian central bank semi-annually [...] countries.36
The stocks of banknotes hoarded outside the euro area can be estimated using the “OeNB
euro survey” – a survey which has been conducted semi-annually by the Austrian central bank [...] Europe they are used for holidays and purchases made in
neighbouring countries. According to the “OeNB euro survey”, it is therefore likely that
holdings of euro banknotes in non-euro-area countries
13-24.
Issing, O., Gaspar, V., Angeloni, I., Tristani, O. (2001), Monetary Policy in the Euro Area –
Strategy and Decision Making at the European Central Bank, Cambridge.
Issing, O. (2005), The Role [...] 2007-01-29T10:19:09Z
Geldmarktsteuerung der EZB und Transmission monetärer Impulse
page
R O M E
Research On Money in the Economy
ROME Discussion Paper Series
“Research on Money in the Economy” [...] whether central banks
should conduct monetary analysis,
but rather how they should do so."
(O. Issing, 2005)
1. Einleitung
Die traditionelle Geldangebotstheorie basiert auf dem Geld
nanzen/meine-fi nanzen/geld-ausgeben/
daenemark-zentralbank-willl-notendruck-stoppen-13582761.html.
2 O.V.: Cash-Verbot ab 1000 Euro auch für Touristen, Focus online,
2012, http://www.focus.de/reisen/se [...] ordnung durch Frei-
land und Freigeld, 9. Aufl ., Lauf bei Nürnberg 1949.
7 Vgl. K. Rogoff, a.a.O.
page
Wirtschaftsdienst 2015 | 8
516
Zeitgespräch
ro, das sind rund 46% der Bilanzsumme [...] Kosten elektronischer Währungen vernachlässigen diesen
18 Vgl. B. Fischer, M. Krüger, F. Seitz, a.a.O.
Aspekt, so dass die Frage nach dem Transaktionskosten-
vorteil möglicherweise derzeit nicht eindeutig
3
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Y,m1r,il-is,eeffn 1,5 1,2 [...] ated 2003-08-21T08:08:55Z
Forecasting real GDP: what role for narrow money?
page
E U R O P E A N C E N T R A L B A N K
WO R K I N G PA P E R S E R I E S
E
C
B
E
Z
B
[...] ROLE FOR NARROW MONEY?1
BY C. BRAND2, H.-E. REIMERS3
AND F. SEITZ4
September 2003
E U R O P E A N C E N T R A L B A N K
WO R K I N G PA P E R S E R I E S
BACKGROUN
D STUDY
FOR
BAKKER, A. F. P. (1996): The liberalization of capital movements in Europe, Amsterdam.
BLANCHARD, O. / MILESI-FERRETTI, G. M. (2009): Global Imbalances, International Monetary Fund
(IMF) Staff Position [...] to emerging-market econo-
mies, in: Bank of Canada Review, Winter 2009 — 2010, S. 15-27.
SULA, O. / WILLETT, T. D. (2009): The reversibility of different types of capital flows to emerging
markets
negative effect on the demand for banknotes.
page
38
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27 Sorting on the Labour Market: A Literature Overview and Theoretical Framework
von Stephan O. Hornig, Horst Rottmann und Rüdiger Wapler
28 Der Beitrag der Kirche zur Demokratisierungsgestaltung
27 Sorting on the Labour Market: A Literature Overview and Theoretical Framework
von Stephan O.Hornig, Horst Rottmann und Rüdiger Wapler
28 Der Beitrag der Kirche zur Demokratisierungsgestaltung
long-term rates (see also Poole, 2005).
5
page
(4) 1 2 1 ,
2=
= + + + + +∑
n
l s e
t o t t t i t i
i
i i bc etc tα β β π γ γ ε
where α0 is a constant and εt is a white-noise error [...] US,
University of Applied Sciences Ingolstadt, Working Paper Nr. 11, December.
Demiralp, S. & O. Jordà (2004), The Response of Term Rates to Fed Announcements, Journal
of Money, Credit, and Banking [...] Modelling of Cointegration in the Vector Autoregressive Model,
Economic Modelling 17, 359-373.
Jordá, O. & K.D. Salyer (2003), The Response of Term Rates to Monetary Policy
Uncertainty, Review of Economic