A VAR Analysis of Monetary Transmission Mechanism in the European Union

The paper studies the functioning of the monetary transmission mechanism in the EU. It analyses the influence of an increase in short-term interest rate on real and monetary variable e.g. industrial production of the EU members, retail prices, monetary mass and real exchange rate. Frequently used econometric technique of VAR has been used to analyse the monetary transmission mechanism.

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Year of publication:	2004
Authors:	Lovrinovic, Ivan ; Benazic, Manuel
Published in:	Zagreb International Review of Economics and Business. - Ekonomski Fakultet, ISSN 1331-5609. - Vol. 7.2004, 2, p. 27-42
Publisher:	Ekonomski Fakultet
Subject:	monetary transmission mechanism \| interest rate \| VAR \| decomposition of variance \| impulse response

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Extent:	text/html
Type of publication:	Article
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; F3 - International Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005673473