One Money, Many Markets : Monetary Transmission and Housing Financing in the Euro Area /

We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption, consumer...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Corsetti, Giancarlo
Muut tekijät: Duarte, Joao, Mann, Samuel
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2020.
Sarja:IMF Working Papers; Working Paper ; No. 2020/108
Linkit:Full text available on IMF