One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

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 prices, and variables related to local housing... READ MORE...

Publication date: June 2020
ISBN 9781513548746
$18.00

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