Monetary policy shocks in the euro area
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João Sousa; Andrea Zaghini
📂
Article
📅
2008
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John Wiley and Sons
🌐
English
⚖ 496 KB
## Abstract We analyse the international transmission of monetary shocks with a focus on the effects of foreign liquidity on the euro area. We estimate two domestic structural VAR models for the euro area and then we introduce a global liquidity aggregate. The impulse responses show that a positive