Hidden Bibliographic Details
Other authors / contributors: | Sløk, Torsten, author.
International Monetary Fund. Research Department.
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ISBN: | 1451902832 9781451902839 1462331718 9781462331710 1452738092 9781452738093 1282108646 9781282108646 9786613801999 6613801992 9781451857719 1451857713
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Notes: | Includes bibliographical references (pages 24-25). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
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Summary: | Annotation 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.
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Other form: | Print version: Ramaswamy, Ramana. Real effects of monetary policy in the European Union. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997
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Standard no.: | 10.5089/9781451902839.001
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