ANAGNOSTOU, Angeliki; PAPADAMOU, Stephanos - In: Region et Developpement 39 (2014), pp. 105-130
This paper quantifies the importance of Optimal Currency Area (OCA) criteria for the monetary policy transmission mechanism at the regional level. The study employs a Bayesian PVAR model to measure the impact of monetary policy shocks on regional output of 58 regions of four South Euro-Zone...