Dees, Stephane; Mauro, Filippo di; Pesaran, M. Hashem; … - Society for Computational Economics - SCE - 2006
countries, the euro area being treated as a single economy, over the period 1979-2003. It advances research in this area in a … impact on output remains limited. In contrast, the
effects of a shock to the U.S. monetary policy for the euro area output …�les of their effects on the euro area. Further to the U.S. monetary
policy shock, we also consider the effects of shocks to oil …