De Grauwe, Paul (contributor); Costa, Cláudia (contributor) - 2005
There is a wide consensus that the existence of structural rigidities in the Eurozone reduces the effectiveness of the … ECB's monetary policies. In order to test this "ECB-handicap" hypothesis, we perform a meta-analysis of the effects of … monetary policies in the US and the Eurozone countries. This consists in collecting the estimated transmission coefficients …