Publication
Jul 2011
This paper analyzes the international transmission effects of euro area monetary policy shocks in to other western European countries, namely the UK, Sweden, Switzerland, Denmark, and Norway. For this purpose, the authors use a structural VAR model of the euro area and augment it consecutively by the foreign variables of interest. They find that a monetary policy shock in the euro area leads to a largely similar change in the interest rate and in GDP in these other western European countries.
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English (PDF, 44 pages, 376 KB) |
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Author | Nils Jannsen, Melanie Klein |
Series | Kiel Institute Working Papers |
Issue | 1718 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2011 Kiel Institute for the World Economy |