Autore
Ehrmann, Michael

Titolo
Will EMU generate asymmetry? Comparing monetary policy transmission across european countries
Periodico
European University Institute of Badia Fiesolana (Fi). Department of Economics - Working papers
Anno: 1998 - Fascicolo: 28 - Pagina iniziale: 1 - Pagina finale: 31

This paper re-evaluates the estimation of monetary policy transmission. Within the Structural VAR framework, five methodological points are identified, recognition of which can help to improve the reliability and credibility o) estimates. The findings of the methodological analysis are then applied to the estimation of models for thirteen European countries. Results show thai considerable differences in the transmission mechanism exist between these economies, mainly in intensity, but also in timing.



Testo completo: http://www.iue.it/ECO/WP-Texts/ECO98-28.pdf

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