TY  - BOOK
A1  - Mehnert, Alexander
A1  - Nastansky, Andreas
T1  - Staatsverschuldung und Inflation : eine empirische Analyse für Deutschland
N2  - In der vorliegenden Arbeit soll der Zusammenhang zwischen Staatsverschuldung und Inflation untersucht werden. Es werden theoretische Übertragungswege von der Staatsverschuldung über die Geldmenge und die langfristigen Zinsen hin zur Inflation gezeigt. Aufbauend auf diesen theoretischen Überlegungen werden die Variablen Staatsverschuldung, Verbraucherpreisindex, Geldmenge M3 und langfristige Zinsen im Rahmen eines Vektor-Fehlerkorrekturmodells untersucht. In der empirischen Analyse werden die Variablen für Deutschland in dem Zeitraum vom 1. Quartal 1991 bis zum 4. Quartal 2010 betrachtet. In ein Vektor-Fehlerkorrekturmodell fließen alle Variablen als potentiell endogen in das Modell ein. Die Ermittlung der Kointegrationsbeziehungen und die Schätzung des Vektor-Fehlerkorrekturmodells erfolgen mithilfe des Johansen-Verfahrens.
N2  - In the following study the relation between the public debt and the inflation will be analysed. The transmission from the public debt to the inflation through the money supply and long term interest rate will be shown. Based on these theoretical thoughts the variables public debt, consumer price index, money supply m3 and the long term interest rate will be analysed within a vector error correction model. In the empirical part of this paper we will evaluate the timeperiod from the first quarter in 1991 until the fourth quarter in 2010 for Germany. In a vector error correction model every variable can be taken as endogenous. The variables in the model will be tested for cointegrated relationships and estimated with the Johansen-Approach.
T3  - Potsdamer Schriften zu Statistik und Wirtschaft - 2 
KW  - Staatsverschuldung
KW  - Zentralbankpolitik
KW  - Inflation
KW  - Kointegration
KW  - Vektor-Fehlerkorrekturmodell
KW  - Johansen-Verfahren
KW  - Public Debt
KW  - Central Bank Policy
KW  - Inflation
KW  - Cointegration
KW  - Vector Error Correction Model
KW  - Johansen Approach
Y1  - 2012
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus-59181
SN  - 978-3-86956-181-3
PB  - Universitätsverlag Potsdam
CY  - Potsdam
ER  - 
TY  - BOOK
A1  - Nastansky, Andreas
A1  - Mehnert, Alexander
A1  - Strohe, Hans Gerhard
T1  - A vector error correction model for the relationship between public debt and inflation in Germany
N2  - In the paper, the interaction between public debt and inflation including mutual impulse response will be analysed. The European sovereign debt crisis brought once again the focus on the consequences of public debt in combination with an expansive monetary policy for the development of consumer prices. Public deficits can lead to inflation if the money supply is expansive. The high level of national debt, not only in the Euro-crisis countries, and the strong increase in total assets of the European Central Bank, as a result of the unconventional monetary policy, caused fears on inflating national debt. The transmission from public debt to inflation through money supply and long-term interest rate will be shown in the paper. Based on these theoretical thoughts, the variables public debt, consumer price index, money supply m3 and long-term interest rate will be analysed within a vector error correction model estimated by Johansen approach. In the empirical part of the article, quarterly data for Germany from 1991 by 2010 are to be examined.
T3  - Statistische Diskussionsbeiträge - 51 
KW  - Beveridge-Nelson Decomposition
KW  - Public Debt
KW  - Inflation
KW  - Money Supply
KW  - Vector Error Correction Model
Y1  - 2014
U6  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:kobv:517-opus-50246
ER  -