Convergence of Monetary Transmission in Emu New Evidence

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample, both in terms of initial as well as long-run responses to policy-induced interest rate changes. There is no indication for convergence of monetary policy transmission

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Year of publication:	[2021]
Authors:	de Haan, Jakob ; Toolsema, Linda A. ; Sturm, Jan-Egbert
Publisher:	[S.l.] : SSRN
Subject:	Geldpolitische Transmission \| Monetary transmission \| Eurozone \| Euro area \| Wirtschaftliche Konvergenz \| Economic convergence \| Schätzung \| Estimation \| Deutschland \| Germany \| Zins \| Interest rate \| Italien \| Italy \| Belgien \| Belgium \| Frankreich \| France \| Spanien \| Spain \| Niederlande \| Netherlands \| EU-Staaten \| EU countries \| Geldpolitik \| Monetary policy

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Extent:	1 Online-Ressource (27 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2001 erstellt
Other identifiers:	10.2139/ssrn.270946 [DOI]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E43 - Determination of Interest Rates; Term Structure Interest Rates
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013320959