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

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	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 sustainable economic 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 exogeneity hypot 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 sustainable economic 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 exogeneity hypot (en)
Title	Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity (en)
skos:prefLabel	Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity (en)
skos:notation	RIV/62156489:43110/10:00157947!RIV11-MSM-43110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6215648904)
http://linked.open...iv/cisloPeriodika	V
http://linked.open...vai/riv/dodaniDat	2011
http://linked.open...aciTvurceVysledku	Kapounek, Svatopluk
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Mendelova univerzita v Brně / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	272430
http://linked.open...ai/riv/idVysledku	RIV/62156489:43110/10:00157947
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	Hansen stability test; Granger Non-Causality test; CUSUM test; money exogeneity and endogeneity (en)
http://linked.open.../riv/klicoveSlovo	CUSUM test Granger Non-Causality test Hansen stability test money exogeneity and endogeneity
http://linked.open...odStatuVydavatele	RO - Rumunsko
http://linked.open...ontrolniKodProRIV	[27C658E6FF28]
http://linked.open...i/riv/nazevZdroje	Bulletin of the Transilvania University of Brasov
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2010
http://linked.open...v/svazekPeriodika	52
http://linked.open...iv/tvurceVysledku	Kapounek, Svatopluk
http://linked.open...n/vavai/riv/zamer	The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market
issn	2065-2194
number of pages	12 (xsd:int)
http://localhost/t...ganizacniJednotka	43110
is http://linked.open...avai/riv/vysledek of	Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity Monetary Policy Efficiency in the Eurozone: Some Empirical Evidence of Money Demand Stability and Endogeneity

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