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Monetary Transmission in the Euro Area : Does the Interest Rate Channel Explain it All?

Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoit; … - 2021

propose a comprehensive description of how monetary policy affects the euro area economy. We focus mainly on three questions …

Persistent link: https://www.econbiz.de/10013233437

How Has the Euro Changed the Monetary Transmission?

Boivin, Jean; Mojon, Benoit; Giannoni, Marc P. - 2021

) to an overall reduction in the effects of monetary shocks. Using a structural open-economy model, we argue that the …

Persistent link: https://www.econbiz.de/10013233890

The Output Composition Puzzle : A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S

Angeloni, Ignazio; Kashyap, Anil K.; Mojon, Benoit; … - 2022

We revisit recent evidence on how monetary policy affects output and prices in the U.S. and in the euro area. The response patterns to a shift in monetary policy are similar in most respects, but differ noticeably as to the composition of output changes. In the euro area investment is the...

Persistent link: https://www.econbiz.de/10013324114