Country-Specific Effects of Euro-Area Monetary Policy: The Role of Sectoral Differences

Ruslana Datsenko and Johannes Fleck
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Johannes Fleck: https://www.federalreserve.gov/econres/johannes-fleck.htm

No 2024-11-12-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Economic growth in some euro area countries has been lackluster since the COVID-19 pandemic. Concurrently, the ECB hiked its policy rate to fight inflation. In this note, we show that high interest rates have depressed economic activity more in those euro-area countries with large manufacturing sectors.

Date: 2024-11-12
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-11-12-2

DOI: 10.17016/2380-7172.3649

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