Euro Area Money Demand : Measuring the Opportunity Costs Appropriately /

The existence of a well-specified and stable relationship between money and prices has long been perceived as a prerequisite for the use of monetary aggregates in the conduct of monetary policy. This paper contributes to the ongoing discussion about the stability of euro area money demand by constru...

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Bibliographic Details
Main Author: Levy, Joaquim
Other Authors: Calza, Alessandro, Gerdesmeier, Dieter
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2001.
Series:IMF Working Papers; Working Paper ; No. 2001/179
Online Access:Full text available on IMF