Ribba, Antonio - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-12
1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows …In this paper, we show that in order to obtain a sound identification of Euro Area monetary policy shocks, one needs to … of monetary policy shocks for an open economy like the Euro Area requires consideration of the US policy rate. Indeed …