## 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
Monetary policy shocks and productivity measures in the G-7 countries
β Scribed by CharlesL. Evans; F.Teixeira Santos
- Publisher
- Springer-Verlag
- Year
- 2002
- Tongue
- English
- Weight
- 207 KB
- Volume
- 1
- Category
- Article
- ISSN
- 1617-982X
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