Year: 2001
Author: Fase, M.M.G., Folkertsma, C. K
Credit and Capital Markets – Kredit und Kapital, Vol. 34 (2001), Iss. 2 : pp. 197–222
Abstract
This paper attempts to operationalize Carl Menger’s concept of the “innerer Tauschwert des Geldes”, i.e. the inner value of money. Since the change in the inner value of money is the component of price movements which is due to monetary influences, the operationalization provides an alternative measure of inflation. We consider several approaches for gauging the change in the inner value of money. Of these, we use a structural VAR model to identify the price movements in the Netherlands and the EU due to monetary shocks. (JEL E31)
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.34.2.197
Credit and Capital Markets – Kredit und Kapital, Vol. 34 (2001), Iss. 2 : pp. 197–222
Published online: 2001-02
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 26
Author Details
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