One Money, Many Markets : Monetary Transmission and Housing Financing in the Euro Area /
We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption, consumer...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2020/108 |
| Acesso em linha: | Full text available on IMF |