Monetary Policy Under EMU : Differences in the Transmission Mechanism? »
Journal Issue
Volume/Issue: 2001/102
Series: IMF Working Papers
Author(s): Benedict Clements , Zenon Kontolemis , and Joaquim Levy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2001
DOI: http://dx.doi.org/10.5089/9781451852615.001
ISBN: 9781451852615
Keywords: Transmission Mechanism, inflation, monetary transmission, central bank, monetary transmission mechanism, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation, Monetary Policy, Central Banking
This study identifies differences in the monetary policy transmission mechanism across the countries in the euro area. It is argued that part of the differences in the response of economic activity to monetary poli...