Elbourne, Adam; Salomons, Roelof - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2004
core of euro area countries: Austria, Belgium, Finland, France, and Germany. Germany also displays the largest response of … prices and is followed by Austria and Finland. Variance decompositions also suggest that the bank based core euro area … equity wealth effect channel in the euro area and only circumstantial evidence for the UK. We do, however, find that those …