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dc.contributor.authorBartels, Bernharden_US
dc.date.accessioned2009-06-17en_US
dc.date.accessioned2010-08-03T13:11:49Z-
dc.date.available2010-08-03T13:11:49Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/37136-
dc.description.abstractWith 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.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel advanced studies working papers 452en_US
dc.subject.jelD21en_US
dc.subject.jelF14en_US
dc.subject.jelL22en_US
dc.subject.ddc330en_US
dc.subject.keywordMonetary transmission mechanismen_US
dc.subject.keywordvector autoregressionen_US
dc.subject.stwTransmissionsmechanismusen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwArbeitsmarktflexibilisierungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe monetary transmission mechanism in the euro area: A VAR-analysis for Austria and Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn601901312en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Kiel Advanced Studies Working Papers, IfW
Publikationen von Forscherinnen und Forschern des IfW

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