Download Any Book The Real Effects of Monetary Policy in the European Union

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The Real Effects of Monetary Policy in the European Union High quality books

The Real Effects of Monetary Policy in the European Union
By:Mr. Ramana Ramaswamy,Mr. Torsten Sløk
Published on 1997-12-01 by International Monetary Fund

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 autoregression model indicate that the full effects of a contractionary monetary shock on output in one group of EU countries (Austria, Belgium, Finland, Germany, Netherlands, and United Kingdom) take roughly twice as long to occur, but are almost twice as deep as in the other group (Denmark, France, Italy, Portugal, Spain, and Sweden). The paper discusses the implications of these results for the effective conduct of monetary policy in the euro area.

This Book was ranked at 16 by Google Books for keyword Credit channel.

Book ID of The Real Effects of Monetary Policy in the European Union's Books is Iuy8ns96GwcC, Book which was written byMr. Ramana Ramaswamy,Mr. Torsten Sløkhave ETAG "mcbmwBLOZFE"

Book which was published by International Monetary Fund since 1997-12-01 have ISBNs, ISBN 13 Code is 9781451902839 and ISBN 10 Code is 1451902832

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