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...
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Muut tekijät: | , |
Aineistotyyppi: | Aikakauslehti |
Kieli: | English |
Julkaistu: |
Washington, D.C. :
International Monetary Fund,
2020.
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Sarja: | IMF Working Papers; Working Paper ;
No. 2020/108 |
Linkit: | Full text available on IMF |