Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/152525 
Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
ECB Working Paper No. 91
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
This paper applies the identified VAR methodology to synthetic euro area data from 1980 till 1998 to study the macro-economic effects of an unexpected change in monetary policy in the euro area. The focus is on the area-wide monetary transmission. It is shown that the overall macro-economic effects of a monetary policy shock in the euro area are very similar to those estimated for the United States and are surprisingly stable over time. In addition, the paper contains a number of robustness checks with alternative identification schemes and examines how various real and financial variables (such as the GDP or money components) respond to an area-wide monetary policy impulse
Schlagwörter: 
monetary transmission mechanism
vector autoregressions
JEL: 
E52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
962.01 kB





Publikationen in EconStor sind urheberrechtlich geschützt.