101
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

The propagation of European monetary policy shocks into Romania's economy

&
Pages 461-465 | Published online: 18 Nov 2010

References

  • Bayoumi , T. and Eichengreen , B. 1993 . “ Shocking aspects of European monetary unification ” . In Adjustment and Growth in the European Monetary Union , Edited by: Torres , F. and Giavazzi , F. 193 – 229 . Cambridge/New York : Cambridge Univ. Press .
  • Betts , C. and Devereux , M. The international effects of monetary and fiscal policy in a two-country model . Discussion Paper No. 99–10, The University of British Columbia, . Vancouver, Canada.
  • Canova , F. 2005 . The transmission of US shocks to Latin America . Journal of Applied Econometrics , 20 : 229 – 51 .
  • Carstensen , K. 2006 . Estimating the ECB policy reaction function . German Economic Review , 7 : 1 – 34 .
  • Carstensen , K. and Colavecchio , R. 2006 . The ECB monetary policy and its Taylor type reaction function . Revista Italiana Degli Economisti , 11 : 51 – 86 .
  • Christiano , L. J. , Eichenbaum , M. and Evans , C. Monetary policy shocks: what have we learned and to what end? . NBER Working Paper No. 6400, National Bureau of Economic Research (NBER) . Cambridge, MA.
  • Clarida , R. , Gali , J. and Gertler , M. 2000 . Monetary policy rules and macroeconomic stability: evidence and some theory . The Quarterly Journal of Economics , 115 : 147 – 80 .
  • Cushman , D. O. and Zha , T. 1997 . Identifying monetary policy in a small open economy under flexible exchange rates . Journal of Monetary Economics , 39 : 433 – 48 .
  • Darvas , Z. and Szapáry , G. 2008 . Business cycle synchronization in the enlarged EU: Comovements in the new and old members . Open Economics review , 19 : 1 – 19 .
  • Eichenbaum , M. and Evans , C. 1995 . Some empirical evidence on the effects of shocks to monetary policy on exchange rates . The Quarterly Journal of Economics , 110 : 975 – 1009 .
  • Eickmeier , S. and Breitung , J. 2006 . How synchronized are new EU member states with the euro area? Evidence from a structural factor model . Journal of Comparative Economics , 34 : 538 – 63 .
  • Gali , J. 2001 . “ Monetary policy in the Early years of EMU ” . In mimeo , Pompeu Fabra : CREI, Univ .
  • Gerdesmeier , D. and Roffia , B. Taylor rules for the Euro area: the issue of real-time data . Deutsche Bundesbank Discussion Paper Series 1: Studies of the Economic Research Centre 37/2004, Deutsche Bundesbank, Frankfurt am Main . Germany.
  • Gerlach , S. Interest setting by the ECB: words and deeds . CEPR Discussion Paper No. 4775, Centre for Economic Policy Research (CEPR) . London, UK.
  • Korhonen , I. 2003 . Some empirical tests on the integration of economic activity between the euro area and the accession countries . Economics of Transition , 11 : 177 – 96 .
  • Mundell , R. A. 1963 . Capital mobility and stabilization policy under fixed and flexible exchange rates . Canadian Journal of Economics and Political Sciences , 29 : 475 – 85 .
  • Orphanides , A. 2001 . Monetary policy rules based on real-time data . American Economic Review , 91 : 964 – 85 .
  • Orphanides , A. 2002 . Monetary policy rules and the great inflation . American Economic Review , 92 : 115 – 20 .
  • Sauer , S. and Sturm , J. E. Using Taylor rules to understand ECB monetary policy . CESifo Working Paper No. 1110, Munich Society for the Promotion of Economic Research (CESifo) . Munich, Germany.
  • Taylor , J. B. 1993 . Discretion versus policy rules in practice . Carnegie-Rochester Conference Series on Public Policy , 39 : 195 – 214 .

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.