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Insurance Policies for Monetary Policy in the Euro Area

โœ Scribed by Keith Kuester; Volker Wieland


Book ID
109227919
Publisher
MIT Press
Year
2010
Tongue
English
Weight
561 KB
Volume
8
Category
Article
ISSN
1542-4766

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Monetary policy shocks in the euro area
โœ Joรฃo Sousa; Andrea Zaghini ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 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