EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kiel Advanced Studies Working Papers, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/37136
  
Title:The monetary transmission mechanism in the euro area: A VAR-analysis for Austria and Germany PDF Logo
Authors:Bartels, Bernhard
Issue Date:2009
Series/Report no.:Kiel advanced studies working papers 452
Abstract:With the transition to the European Monetary Union (EMU), the instrument of monetary policy for individual member countries has been abolished. This step has led to serious challenges for the different states to stabilize their economies to various economic shocks. Different labor market rigidities lead to different responses to monetary impulses in the countries. This paper deals with this problem by setting up a VAR-analysis to investigate the different shocks on Germany and Austria. The results show that Germany experiences less fluctuation in growth and unemployment than Austria which can be assigned to higher labor market rigidities.
Subjects:Monetary transmission mechanism
vector autoregression
JEL:D21
F14
L22
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kiel Advanced Studies Working Papers, IfW

Files in This Item:
File Description SizeFormat
601901312.pdf1.06 MBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/37136

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.