Barigozzi, Matteo; Conti, Antonio; Luciani, Matteo - London School of Economics (LSE) - 2012
We investigate the possible existence of asymmetries among Euro Area countries reactions to the European Central Bank … monetary policy. Our analysis is based on a Structural Dynamic Factor model estimated on a large panel of quarterly variables … including data on the aggregate Euro Area, as well as country-specific key economic variables. We find that member states react …