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dc.contributor.authorDe Grauwe, Paulen_US
dc.contributor.authorStorti, Cláudia Costaen_US
dc.date.accessioned2009-01-28T15:54:51Z-
dc.date.available2009-01-28T15:54:51Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19070-
dc.description.abstractThere is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the ECB?s monetary policies. In order to test this ?ECB-handicap? hypothesis, we perform a meta-analysis of the effects of monetary policies in the US and the Eurozone countries. This consists in collecting the estimated transmission coefficients obtained from published econometric studies. Meta-analysis then allows us to control for a number of factors that can affect these estimated coefficients. We conclude that there is no evidence for the hypothesis that the ECB is handicapped in using monetary policies for the purpose of stabilizing output compared to the US.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesCESifo working papers 1606en_US
dc.subject.jelE58en_US
dc.subject.jelE50en_US
dc.subject.jelE52en_US
dc.subject.ddc330en_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwKonjunkturpolitiken_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwTransmissionsmechanismusen_US
dc.subject.stwVergleichen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwUSAen_US
dc.titleIs monetary policy in the Eurozone less effective than in the US?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn509693601en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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