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dc.contributor.authorDe Grauwe, Paulen
dc.contributor.authorStorti, Cláudia Costaen
dc.date.accessioned2009-01-28T15:54:51Z-
dc.date.available2009-01-28T15:54:51Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1606en
dc.subject.jelE58en
dc.subject.jelE50en
dc.subject.jelE52en
dc.subject.ddc330en
dc.subject.stwGeldpolitiken
dc.subject.stwKonjunkturpolitiken
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwTransmissionsmechanismusen
dc.subject.stwVergleichen
dc.subject.stwEU-Staatenen
dc.subject.stwUSAen
dc.titleIs monetary policy in the Eurozone less effective than in the US?-
dc.typeWorking Paperen
dc.identifier.ppn509693601en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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