The transmission of monetary shocks in the euro area: a V AR analysis based on euro-wide data
Using area-wide data, we simulate the responses of inflation and real output following monetary shocks in the EMU. We find that short-term interest rate shocks have a significant impact on real activity, but hardly on prices. M3 shows a perverse short-term response to a monetary contraction, which s...
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| Principais autores: | , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado: |
Associazione Economia civile
2000-06-01
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| Series: | PSL Quarterly Review |
| Assuntos: | |
| Acceso en liña: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10350/10255 |
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