We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro …. - DSGE model ; Financial frictions ; Financial shocks ; Bayesian estimation ; Lending channel ; Funding channel …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … mechanism, but also about the differences between the euro area and the US, which are on average essentially small …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … mechanism, but also about the differences between the euro area and the US, which are on average essentially small …

This paper investigates whether the degree of interdependence between the United States and the euro area economies has … markets has increased strongly around EMU. Although spillover effects from the United States to the euro area remain stronger … than in the opposite direction, US markets have started reacting to euro area developments since the onset of EMU. Second …

United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the … interest rates in the United States and the euro area. First, the paper finds that the interdependence of money markets has … increased strongly around EMU. Although spillover effects from the United States to the euro area remain stronger than in the …

estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate …. We find evidence for two distinct states in both regions. For the euro area, we find a regime which is correlated to the …

United States and the euro area, elucidates the sources of differences in the response of banks to changes in policy interest …

transmission of monetary policies of the United States, the euro area, Japan, and the United Kingdom. Two other studies use …