The Transmission of Monetary Policy in the Euro Area: Are the Effects Different Across Countries?

Gert Peersman ()

Oxford Bulletin of Economics and Statistics, 2004, vol. 66, issue 3, 285-308

Abstract: This paper analyses whether the effects of the monetary policy of the European Central Bank (ECB) may be different across Euro area countries. First, the limitations in the current empirical literature are highlighted. The paper then suggests how to deal with these limitations and provides new empirical evidence on the effects of a common monetary policy shock across individual member countries. Surprisingly, very similar output effects are found across countries.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:bla:obuest:v:66:y:2004:i:3:p:285-308

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