Changing Monetary Transmission Mechanisms within the EU.

This paper presents a comparative analysis of monetary transmission mechanisms and changes in them after the "second ERM" in March 1983. The empirical model investigates the determination of money, income, prices and interest rates in Germany, Denmark, and Italy based on the cointegrated VAR model. The empirical results provide new insight on the macroeconomic effects of joining the ERM and financial deregulation.

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Year of publication:	1997-12
Authors:	Juselius, Katarina
Institutions:	Økonomisk Institut, Københavns Universitet
Subject:	cointegration \| long-run impact \| money demand \| IS-LM \| monetary policy \| capital liberalization

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in: Empirical Economics 23(3) 1998, 455-481 Number 97-18 32 pages
Classification:	C32 - Time-Series Models ; E41 - Demand for Money ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749822