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With the transition to the European Monetary Union (EMU), the instrument of monetary policy for individual member countries has been abolished. This step has led to serious challenges for the different states to stabilize their economies to various economic shocks. Different labor market...
Persistent link: https://www.econbiz.de/10013137877
The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past...
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, führt die gemeinsame Geldpolitik zu einer Homogenisierung der Reaktion der Wirtschaftssubjekte auf die Geldpolitik? Die … vorliegende Arbeit versucht Antworten auf beide Fragen zu geben. Der erste Aufsatz untersucht die Effekte der Geldpolitik in den … ähnlicher Finanzstruktur gleich auf die Geldpolitik ihrer Zentralbanken reagieren. Außerdem bestehen An-zeichen einer Konvergenz …
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This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We...
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