The paper tries to estimate whether a unique and centralized European monetary policy would have had similar or different effects across countries in the European Union. By estimating a vector auto-regression (VAR model), it is revealed that there are two different groups of countries with...

Several studies have found evidence that views expressed by other forecasters in the previous period influence individuals' current forecasts, while other analyses have stressed that occasionally forecasters may have other objectives in addition to minimizing forecast errors. This paper presents...