Arbeitspapier
Convergence of Monetary Transmission in EMU New Evidence
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 conclude that major differences in pass-through exist in our sample, both in terms of initial as well as long-run responses to policy-induced interest rate changes. There is no indication for convergence of monetary policy transmission.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 465
- Classification
-
Wirtschaft
- Subject
-
Monetary transmission
pass-through
interest rate stickiness
EMU
- Event
-
Geistige Schöpfung
- (who)
-
Toolsema, Linda A.
Sturm, Jan-Egbert
de Haan, Jakob
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Toolsema, Linda A.
- Sturm, Jan-Egbert
- de Haan, Jakob
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2001
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