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Does Money Matter in the Euro area? Evidence from a new Divisia Index

Zsolt Darvas ()

Working Papers from Bruegel

Abstract: The purpose of this paper is to examine the possible role of money shocks on output and prices in the euro area. Since no Divisia monetary aggregates are available for the euro area, we first create and make available a database on euro-area Divisia monetary aggregates. We plan to update the dataset in the future and keep it publicly available. Using different SVAR models, we find sensible and statistically significant...

Date: 2014-11
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
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Related works:
Journal Article: Does money matter in the euro area? Evidence from a new Divisia index (2015) Downloads
Working Paper: Does money matter in the euro area? Evidence from a new Divisia index (2014) Downloads
Working Paper: Does money matter in the euro area? Evidence from a new Divisia index (2014) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:bre:wpaper:854

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