Stakenas, Julius; Stasiukynaite, Rasa - In: Baltic Journal of Economics 17 (2017) 1, pp. 1-24
We study the effect of a (standard) monetary policy shock in the euro area on the Lithuanian economy. We employ a … structural vector autoregressive model incorporating variables from both the euro area and Lithuania. The model exhibits a block … in the euro area has a stronger effect on the Lithuanian than it does on the euro area economy, though the effects are …