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Monetary Policy Aspects of the Enlargement of the Euro Area


Publisher
Springer
Year
2002
Weight
139 KB
Volume
39
Category
Article
ISSN
0343-754X

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Monetary policy shocks in the euro area
✍ JoΓ£o Sousa; Andrea Zaghini πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 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