Matches in SemOpenAlex for { <https://semopenalex.org/work/W2034783476> ?p ?o ?g. }
Showing items 1 to 98 of
98
with 100 items per page.
- W2034783476 endingPage "426" @default.
- W2034783476 startingPage "391" @default.
- W2034783476 abstract "In the paper a small scale macroeconometric model for the Euro area is built, relying on cobreaking and fractional cointegration theory. Several linkages relating key macroeconomic variables are found. Firstly, evidence of a common nonlinear deterministic trend driving the long-run evolution of inflation, nominal interest rates and money growth, determined by medium to long term monetary policy management, is found. Both the quantity theory of money and Fisher's theory of nominal interest rate determination are the economic mechanisms explaining how inflation and nominal interest rates are attracted towards their equilibrium values in the long term. Secondly, evidence of two common long memory factors driving the medium-run evolution of the nominal and real variables, related to output and nominal money growth shocks and short term monetary policy management, is also found. The quantity theory of money, the management of the short term rate by the central bank (Taylor rule), term structure linkages and a present value relationship relating output and real stock market prices growth, are the economic mechanisms explaining the evolution of the macroeconomy in the short to medium term. The macroeconometric model has then been employed to assess the monetary policy strategy of the ECB with respect to the achievement of the price stability objective in the medium term, finding full support for its formulation involving two dimensions, i.e. the monetary pillar and economic pillar." @default.
- W2034783476 created "2016-06-24" @default.
- W2034783476 creator A5063670542 @default.
- W2034783476 date "2006-05-01" @default.
- W2034783476 modified "2023-09-27" @default.
- W2034783476 title "A small scale macroeconometric model for the Euro-12 area" @default.
- W2034783476 cites W1973694910 @default.
- W2034783476 cites W1977080968 @default.
- W2034783476 cites W2001561349 @default.
- W2034783476 cites W2015122261 @default.
- W2034783476 cites W2015947314 @default.
- W2034783476 cites W2019572758 @default.
- W2034783476 cites W2023376664 @default.
- W2034783476 cites W2025753296 @default.
- W2034783476 cites W2033207621 @default.
- W2034783476 cites W2036392021 @default.
- W2034783476 cites W2042683845 @default.
- W2034783476 cites W2047554644 @default.
- W2034783476 cites W2065541420 @default.
- W2034783476 cites W2076999042 @default.
- W2034783476 cites W2086736386 @default.
- W2034783476 cites W2096486132 @default.
- W2034783476 cites W2107600015 @default.
- W2034783476 cites W2110603299 @default.
- W2034783476 cites W2116807840 @default.
- W2034783476 cites W2128131501 @default.
- W2034783476 cites W2141689601 @default.
- W2034783476 cites W2569439803 @default.
- W2034783476 cites W2790599126 @default.
- W2034783476 cites W3121263032 @default.
- W2034783476 cites W3121651387 @default.
- W2034783476 cites W3121889470 @default.
- W2034783476 cites W3122772087 @default.
- W2034783476 cites W3124097536 @default.
- W2034783476 cites W3124404470 @default.
- W2034783476 cites W3125519274 @default.
- W2034783476 cites W3125976568 @default.
- W2034783476 cites W4230939740 @default.
- W2034783476 cites W4254217513 @default.
- W2034783476 cites W4255933484 @default.
- W2034783476 doi "https://doi.org/10.1016/j.econmod.2005.12.001" @default.
- W2034783476 hasPublicationYear "2006" @default.
- W2034783476 type Work @default.
- W2034783476 sameAs 2034783476 @default.
- W2034783476 citedByCount "13" @default.
- W2034783476 countsByYear W20347834762013 @default.
- W2034783476 countsByYear W20347834762014 @default.
- W2034783476 countsByYear W20347834762018 @default.
- W2034783476 countsByYear W20347834762021 @default.
- W2034783476 crossrefType "journal-article" @default.
- W2034783476 hasAuthorship W2034783476A5063670542 @default.
- W2034783476 hasConcept C113679137 @default.
- W2034783476 hasConcept C121332964 @default.
- W2034783476 hasConcept C126285488 @default.
- W2034783476 hasConcept C139719470 @default.
- W2034783476 hasConcept C145162277 @default.
- W2034783476 hasConcept C149782125 @default.
- W2034783476 hasConcept C154815372 @default.
- W2034783476 hasConcept C162324750 @default.
- W2034783476 hasConcept C175025494 @default.
- W2034783476 hasConcept C200941418 @default.
- W2034783476 hasConcept C33332235 @default.
- W2034783476 hasConcept C556758197 @default.
- W2034783476 hasConcept C84888623 @default.
- W2034783476 hasConceptScore W2034783476C113679137 @default.
- W2034783476 hasConceptScore W2034783476C121332964 @default.
- W2034783476 hasConceptScore W2034783476C126285488 @default.
- W2034783476 hasConceptScore W2034783476C139719470 @default.
- W2034783476 hasConceptScore W2034783476C145162277 @default.
- W2034783476 hasConceptScore W2034783476C149782125 @default.
- W2034783476 hasConceptScore W2034783476C154815372 @default.
- W2034783476 hasConceptScore W2034783476C162324750 @default.
- W2034783476 hasConceptScore W2034783476C175025494 @default.
- W2034783476 hasConceptScore W2034783476C200941418 @default.
- W2034783476 hasConceptScore W2034783476C33332235 @default.
- W2034783476 hasConceptScore W2034783476C556758197 @default.
- W2034783476 hasConceptScore W2034783476C84888623 @default.
- W2034783476 hasIssue "3" @default.
- W2034783476 hasLocation W20347834761 @default.
- W2034783476 hasOpenAccess W2034783476 @default.
- W2034783476 hasPrimaryLocation W20347834761 @default.
- W2034783476 hasRelatedWork W1545376142 @default.
- W2034783476 hasRelatedWork W1567532989 @default.
- W2034783476 hasRelatedWork W2045711594 @default.
- W2034783476 hasRelatedWork W2098879838 @default.
- W2034783476 hasRelatedWork W2173510049 @default.
- W2034783476 hasRelatedWork W2361167670 @default.
- W2034783476 hasRelatedWork W2363879889 @default.
- W2034783476 hasRelatedWork W2390821348 @default.
- W2034783476 hasRelatedWork W2906657158 @default.
- W2034783476 hasRelatedWork W3138614301 @default.
- W2034783476 hasVolume "23" @default.
- W2034783476 isParatext "false" @default.
- W2034783476 isRetracted "false" @default.
- W2034783476 magId "2034783476" @default.
- W2034783476 workType "article" @default.