Series: IMF Working Papers
Author(s): Ramana Ramaswamy , and Torsten Sloek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1997
Keywords: EMU, monetary transmission mechanism, monetary shock, monetary transmission, transmission of monetary policy
The main finding of this paper is that the European Union (EU) countries fall into two broad groups according to the effects of monetary policy adjustments on economic activity. Estimates based on a vector autoregr...