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Will a Common European Monetary Policy Have Asymmetric Effects?

Luigi Guiso (), Anil Kashyap (), F. Panetta and Daniele Terlizzese ()

Working Papers from Banca Italia - Servizio di Studi

Abstract: We survey the existing work on the cross-country differences in the transmission of European monetary policy. We find that prior work, focusing on macroeconomic data, does not clearly answer the question posed in the title and offer some explanations for the ambiguity.

Keywords: MONETARY POLICY; MACROECONOMICS; BUSINESS CYCLES (search for similar items in EconPapers)
JEL-codes: E52 E32 G32 (search for similar items in EconPapers)
Date: 2000
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Handle: RePEc:fth:banita:384