Calza, Alessandro; Monacelli, Tommaso; Stracca, Livio - Center for Financial Studies - 2007
effects of monetary policy shocks on
consumption and house prices in a sample of euro area countries, with the addition of …,
e.g., MacLennan et al. (1998) and Debelle (2004)). We report data for a total of 18 countries:
euro area countries plus … shocks in the Euro Area compared with the U.S..
In recent years, the remarkable heterogeneity in private consumption …