This paper investigates in a consistent semi-structural empirical framework three current issues of monetary policy in the euro area. First, regarding policy transmission we offer a three-stage procedure to combine the efficient estimation of economic structure prior to EMU with current ECB...

The empirical results add to the literature on monetary policy in Laos with five important findings, which are: i) based on log- levels estimation, we find that money Granger- causes output, which lends support to the proposition that the BoL is likely to be successful in stabilizing the...