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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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2014
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| Texto completo: | http://hdl.handle.net/10400.5/7418 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/7418 |