Jürgen Wolters
Biographic Data
| ID | 5935245 |
|---|---|
| NAME | Jürgen Wolters |
| GIVEN NAMES | Jürgen |
| FAMILY NAME | Wolters |
| SIGNATURE | WOLTERS J |
| AFFILIATIONS | Freie Universität Berlin |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 4 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1987 |
| LATEST PUBLICATION YEAR | 2013 |
| H-INDEX | 2 |
Risk and Policy Shocks on the US Term Structure
We document two stylized facts of US short‐term and long‐term interest rate data seemingly incompatible with the expectations hypothesis: low contemporaneous cross‐correlation and relatively slow adjustment to long‐run relationships. We explain these features in a small structural model with three types of randomness: While a persistent monetary policy shock implies immediate identical reactions through the term structure, both a transitory polic…
M3 money demand and excess liquidity in the euro area
Interest Rate Linkages Between the US and the UK During the Classical Gold Standard
One of the most critical and debated issues about the functioning of the classical gold standard is the issue of asymmetries in balance of payments adjustment. London is believed to be by several authors the ‘conductor of the international orchestra’ (Keynes, 1913, p. 19). This view implies a highly asymmetrically working system which tended to shift the burden of adjustment from the UK onto other countries. The alternative view is that the class…
Modeling the Demand for M3 in the Unified Germany
An error correction model for the demand for real M3 money is constructed for the period of 1976–1994 with real GNP, the GNP deflator, as well as a short-term and a long-term interest rate as explanatory variables. Quarterly, seasonally unadjusted data are used in estimating the model. It is found that there is a clear structural break due to the German unification in 1990. On the other hand, once this structural break is accounted for, a stable …
Was London the Conductor of the International Orchestra or Just the Triangle Player? An Empirical Analysis of Asymmetries in Interest Rate Beha Viour During the Classical Gold Standard, 1876–1913
A bstract This paper analyses the interrelationships of official and private discount rates between seven European financial centres and in particular between London, Berlin, and Paris. Looking at the days and directions of all official discount rate changes in the seven centres, pairwise leads and lags are analysed. As to private discount rates, which seem to be stationary, correlations and coherencies are measured, multivariate Granger‐causalit…
Long Memory in Inflation Rates: International Evidence
We examine monthly inflation rates of five industrial countries. The application of tests against stationarity as well as tests against a unit root yield contradictory results. Thus fractional integration allowing for long memory is a plausible model. We discuss and apply the periodogram regression to estimate the difference parameters. For all countries we find estimates significantly different from 1 as well as from 0. This is evidence in favor…
Theoretische und angewandte Wirtschaftsforschung: Heinz König zum 60. Geburtstag
U.S.-European Interest Rate Linkage: A Time Series Analysis for West Germany, Switzerland, and the United States
U.S.-European Interest Rate Linkage: A Time Series Analysis for West Germany, Switzerland, and the United States, The Review of Economics and Statistics, Vol. 69, No. 4 (Nov., 1987), pp. 675-684
The influence of poll results on election outcomes
Was London the Conductor of the International Orchestra or Just the Triangle Player? An Empirical Analysis of Asymmetries in Interest Rate Beha Viour During the Classical Gold Standard, 1876–1913
A bstract This paper analyses the interrelationships of official and private discount rates between seven European financial centres and in particular between London, Berlin, and Paris. Looking at the days and directions of all official discount rate changes in the seven centres, pairwise leads and lags are analysed. As to private discount rates, which seem to be stationary, correlations and coherencies are measured, multivariate Granger‐causalit…
The influence of poll results on election outcomes
U.S.-European Interest Rate Linkage: A Time Series Analysis for West Germany, Switzerland, and the United States
U.S.-European Interest Rate Linkage: A Time Series Analysis for West Germany, Switzerland, and the United States, The Review of Economics and Statistics, Vol. 69, No. 4 (Nov., 1987), pp. 675-684
The influence of poll results on election outcomes
Theoretische und angewandte Wirtschaftsforschung: Heinz König zum 60. Geburtstag
Long Memory in Inflation Rates: International Evidence
We examine monthly inflation rates of five industrial countries. The application of tests against stationarity as well as tests against a unit root yield contradictory results. Thus fractional integration allowing for long memory is a plausible model. We discuss and apply the periodogram regression to estimate the difference parameters. For all countries we find estimates significantly different from 1 as well as from 0. This is evidence in favor…
Was London the Conductor of the International Orchestra or Just the Triangle Player? An Empirical Analysis of Asymmetries in Interest Rate Beha Viour During the Classical Gold Standard, 1876–1913
A bstract This paper analyses the interrelationships of official and private discount rates between seven European financial centres and in particular between London, Berlin, and Paris. Looking at the days and directions of all official discount rate changes in the seven centres, pairwise leads and lags are analysed. As to private discount rates, which seem to be stationary, correlations and coherencies are measured, multivariate Granger‐causalit…
Modeling the Demand for M3 in the Unified Germany
An error correction model for the demand for real M3 money is constructed for the period of 1976–1994 with real GNP, the GNP deflator, as well as a short-term and a long-term interest rate as explanatory variables. Quarterly, seasonally unadjusted data are used in estimating the model. It is found that there is a clear structural break due to the German unification in 1990. On the other hand, once this structural break is accounted for, a stable …
Interest Rate Linkages Between the US and the UK During the Classical Gold Standard
One of the most critical and debated issues about the functioning of the classical gold standard is the issue of asymmetries in balance of payments adjustment. London is believed to be by several authors the ‘conductor of the international orchestra’ (Keynes, 1913, p. 19). This view implies a highly asymmetrically working system which tended to shift the burden of adjustment from the UK onto other countries. The alternative view is that the class…
M3 money demand and excess liquidity in the euro area
Risk and Policy Shocks on the US Term Structure
We document two stylized facts of US short‐term and long‐term interest rate data seemingly incompatible with the expectations hypothesis: low contemporaneous cross‐correlation and relatively slow adjustment to long‐run relationships. We explain these features in a small structural model with three types of randomness: While a persistent monetary policy shock implies immediate identical reactions through the term structure, both a transitory polic…
Economics (8 works) · Monetary Policy and Economic Impact (7 works) · Econometrics (4 works) · Economic Theory and Policy (4 works) · Interest rate (3 works) · Macroeconomics (3 works) · Market Dynamics and Volatility (3 works) · Mathematics (3 works) · Political science (3 works) · Statistics (3 works)