Browne, Frank; Fagan, Gabriel; Henry, Jerome - EconWPA - 2005
papers have recently been produced dealing with the situation in the EU, both at a country and at an area- wide level, with … much of this research being carried out at EU central banks. Therefore, it appears useful to also examine this recent work … fairly well in EU countries. Estimated parameters have the signs, if not always the magnitudes, predicted by economic theory …