The Transmission Mechanism of European Monetary Policy : Is There Heterogeneity? Is it Changing over Time? /
This paper investigates the transmission mechanism of monetary policy in the four largest euro area countries by means Bayesian estimation of dynamic econometric models. Based on pre-EMU evidence from Germany, France, Italy, and Spain, we show that: (i) there are differences in the timing of the eff...
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2002.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2002/054 |
| Acceso en línea: | Full text available on IMF |