Jannsen, Nils; Klein, Melanie - Institut für Weltwirtschaft (IfW) - 2011
This paper analyzes the international transmission effects of euro area monetary policy shocks in to other western … international transmission of monetary policy and that exchange rate stabilization seems to be of some concern to monetary policy … VAR model of the euro area and augment it consecutively by the foreign variables of interest. We find that a monetary …