## 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
The euro area and the single monetary policy
β Scribed by Otmar Issing
- Publisher
- John Wiley and Sons
- Year
- 2001
- Tongue
- English
- Weight
- 105 KB
- Volume
- 6
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.164
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