Dees, Stephane; di Mauro, Filippo; Pesaran, Mohammad Hashem - 2005
the monetary policy shocks, and consider the time profiles of their effects on the euro area. To this end we include the … VAR is estimated for 26 countries, the euro area being treated as a single economy. This paper proposes two important … US model as the first country model and consider alternative orderings of the US variables. Further to the US monetary …