Georgiadis, Georgios - In: European Economic Review 75 (2015) C, pp. 195-215
economies which feature more real wage and/or fewer unemployment rigidities also appear to display a stronger transmission of …I estimate the transmission of a common euro area monetary policy shock across individual euro area economies. To do so …, I develop a global VAR model in which all euro area economies are included individually while, at the same time, their …