Tsounis, Nicholas K.; Polychronopoulos, George - In: South-Eastern Europe Journal of Economics 12 (2014) 2, pp. 145-166
This study attempts to quantify the effects of the implicit restrictive monetary policy, exercised by the European Central Bank (ECB) in Greece, during the world financial crisis. An autoregressive distributed lags (ARDL) testing approach is used to verify the existence of a long-run...