Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/180097 
Erscheinungsjahr: 
2017
Quellenangabe: 
[Journal:] Baltic Journal of Economics [ISSN:] 2334-4385 [Volume:] 17 [Issue:] 1 [Publisher:] Taylor & Francis [Place:] London [Year:] 2017 [Pages:] 1-24
Verlag: 
Taylor & Francis, London
Zusammenfassung: 
We study the effect of a (standard) monetary policy shock in the euro area on the Lithuanian economy. We employ a structural vector autoregressive model incorporating variables from both the euro area and Lithuania. The model exhibits a block exogenous structure to account for the fact that Lithuania is a small economy. In general, we find that a monetary policy shock in the euro area has a stronger effect on the Lithuanian than it does on the euro area economy, though the effects are not statistically significant, preventing firm conclusions. We further broaden our analysis employing a panel vector autoregression (PVAR) model for the three Baltic states. PVAR model results suggest a stronger impact of monetary policy than that estimated using the Lithuanian model and a quite considerable degree of variation over time in the strength of monetary policy transmission.
Schlagwörter: 
Monetary policy
euro area
SVAR
panel VAR
JEL: 
E31
E52
C32
C33
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
cc-by Logo
Dokumentart: 
Article

Datei(en):
Datei
Größe





Publikationen in EconStor sind urheberrechtlich geschützt.