Has monetary policy really become less effective in the euro area? A note - Forschungsportal der Justus-Liebig-Universität Gießen:

Journalartikel

Has monetary policy really become less effective in the euro area? A note

Autorenliste: Finck, David

Jahr der Veröffentlichung: 2019

Seiten: 1087-1091

Zeitschrift: Applied Economics Letters

Bandnummer: 26

Heftnummer: 13

ISSN: 1350-4851

eISSN: 1466-4291

DOI Link: https://doi.org/10.1080/13504851.2018.1537470

Verlag: Taylor and Francis Group

Abstract:
This paper applies a time-varying VAR model with stochastic volatility to the euro area. In contrast to the literature, we find that (i) monetary policy has not become less effective and that (ii) the expansionary policy that is currently pursued would not have resulted in a less severe recession in 2009.

Zitierstile

Harvard-Zitierstil: Finck, D. (2019) Has monetary policy really become less effective in the euro area? A note, Applied Economics Letters, 26(13), pp. 1087-1091. https://doi.org/10.1080/13504851.2018.1537470

APA-Zitierstil: Finck, D. (2019). Has monetary policy really become less effective in the euro area? A note. Applied Economics Letters. 26(13), 1087-1091. https://doi.org/10.1080/13504851.2018.1537470

Zitierstile

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