The monetary transmission mechanism in the euro area : has it changed with the EMU? A VAR approach, with fiscal policy and financial stress considerations

We study whether the adoption of the Euro and a single monetary policy have brought about a change in the monetary transmission mechanism and between the interactions of monetary policy, fiscal policy and financial stress in the Euro area. We find that the stylized facts of monetary transmission rem...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Silva, António Jorge (author)
Format: workingPaper
Language:eng
Published: 2014
Subjects:
Monetary Transmission Mechanism
Fiscal Policy
Financial Stress
Euro Area
Vector Autoregressions
Online Access:http://hdl.handle.net/10400.5/7418
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/7418

Internet

http://hdl.handle.net/10400.5/7418

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