59
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

Measuring monetary policy shocks in the European Monetary Union

Pages 299-303 | Published online: 06 Oct 2010
 

Abstract

The paper tries to estimate whether a unique and centralized European monetary policy would have had similar or different effects across countries in the European Union. By estimating a vector auto-regression (VAR model), it is revealed that there are two different groups of countries with considerable differences in the response to changes in the monetary policy. Germany and the North-Central European countries would be less sensitive to these changes, whereas the Mediterranean countries (and Belgium) would be noticeably more sensitive to the mentioned variations.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.