The real effects of monetary policy in the European Union : what are the differences? /

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Bibliographic Details
Author / Creator:Ramaswamy, Ramana, author.
Imprint:[Washington, D.C.] : International Monetary Fund, Research Dept., ©1997.
Description:1 online resource (25 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/97/160
IMF working paper ; WP/97/160.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497158
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Other authors / contributors:Sløk, Torsten, author.
International Monetary Fund. Research Department.
ISBN:1451902832
9781451902839
1462331718
9781462331710
1452738092
9781452738093
1282108646
9781282108646
9786613801999
6613801992
9781451857719
1451857713
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.
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Print version record.
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.
Other form:Print version: Ramaswamy, Ramana. Real effects of monetary policy in the European Union. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1997
Standard no.:10.5089/9781451902839.001