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Euro area (Germany, France, Italy and Spain), the UK and the USA. The result are very different for the countries …
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structural breaks after the beginning of the second stage of EMU in the mid-nineties, while the estimates for Spain show a … behavior for France, Italy, and Spain, while monetary policy in Germany seems to be stable over time. -- DSGE ; EMU ; monetary …
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Netherlands and Spain, and the sample period is 1980-2000. We conclude that major differences in pass-through exist in our sample …
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