Sousa, Joao Miguel; Zaghini, Andrea - Center for Financial Studies - 2006
structural VAR approach we find that after a monetary policy shock output declines temporarily, with the downward effect reaching …
evidence of the US being the leader internationally at the G7 level, while many applications
for EU countries suggest that …
No. 2006/30
Global Monetary Policy Shocks in the G5:
A SVAR Approach
Joao Miguel Sousa and Andrea Zaghini …