Errit, Gertrud; Uusküla, Lenno - In: Baltic journal of economics 14 (2014) 1/2, pp. 55-77
This paper studies the effect of a monetary policy shock in the euro area on the main Estonian economic and financial variables between 2000 and 2012. Using a standard structural vector autoregression (SVAR) model we find strong and persistent effects on Estonian GDP, private consumption,...
