Rujin, Svetlana; Schmidt, Torsten - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 3, pp. 186-191
conditions in the euro area will remain highly accommodative for a long time. The qualitative and quantitative effects of … diverging monetary positions between major central banks are expected to have highly heterogeneous effects across the euro area …. Thus, the reassessment of international monetary policy transmission mechanism seems relevant and timely. Simulations with …