This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy …

This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy …

the euro area (Germany, France, Italy, Spain, Austria, Belgium and the Netherlands). First, it is shown that these seven … the contribution of monetary policy shocks to the short-term interest rate in a simple VAR for the euro area economy, have …

This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy …