Asymmetrical effects of monetary policy between the US and Europe
β Scribed by Elias Karakitsos
- Publisher
- Elsevier Science
- Year
- 1988
- Tongue
- English
- Weight
- 447 KB
- Volume
- 12
- Category
- Article
- ISSN
- 0165-1889
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from centralβeastern Europe. We mitigate the smallβsample problem, which is especially acute for the NMS, by using a Bayesian estimation that comb
How does an unexpected domestic monetary expansion affect the foreign economy? Does it induce an increase or a decline in foreign production? In the traditional two-country Mundell-Fleming model, monetary policy reveals 'beggarthy-neighbour' effects. Yet, empirical evidence from VARs indicates that