Errit, Gertrud; Uusküla, Lenno - Eesti Pank - 2013
deflator-based inflation rate is about four times stronger than the reaction of euro area-wide aggregates. The Estonian money …This paper studies the effect of a monetary policy shock in the euro area on the main Estonian economic and financial … effects on Estonian GDP, private consumption, corporate investment and imports. A monetary policy shock has also strong and …