The monetary transmission mechanism at the euro-area level: issues and results using structural macroeconomic models

Arbeitspapier

This paper addresses some of the issues faced by macroeconomic model builders in analysing the monetary transmission mechanism. These include the sensitivity of the policy simulation results to changes in the monetary and fiscal policy rule and the introduction of forward-looking behaviour in the model. To illustrate the importance of these issues the paper reports the results of variant monetary policy simulations at the euro-area level using the AWM and NiGEM models

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ECB Working Paper ; No. 93

Classification and Topics

• Classification: Wirtschaft ; Econometric Modeling: General ; Model Evaluation, Validation, and Selection
• Subject: euro area ; macro models ; monetary transmission mechanism

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): McAdam, Peter ; Morgan, Julian
• Event: Veröffentlichung
• (who): European Central Bank (ECB)
• (where): Frankfurt a. M.
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/152527
• Last update: 10.03.2025, 11:44 AM CET