Mallick, Sushanta K.; Sousa, Ricardo M. - In: International Review of Financial Analysis 30 (2013) C, pp. 1-17
This paper examines the real effects of financial stress in the Euro-zone, using two identification strategies based on a Bayesian Structural VAR and a Sign-Restriction VAR. As expansionary monetary policy has been blamed to have fuelled asset price bubble, it is important to assess the...