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Monetary policy transmission in the euro area: any changes after EMU?

Author

Listed:
  • Ehrmann, Michael
  • Backé, Peter

Abstract

We examine the euro area monetary policy transmission process using post-1999 data, with two main questions in mind: has it changed after JEL Classification: E43, E52, G21

Suggested Citation

  • Ehrmann, Michael & Backé, Peter, 2003. "Monetary policy transmission in the euro area: any changes after EMU?," Working Paper Series 240, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:2003240
    Note: 203739
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp240.pdf
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    References listed on IDEAS

    as
    1. van Els, Peter J. A. & Morgan, Julian & Locarno, Alberto & Villetelle, Jean-Pierre, 2001. "Monetary policy transmission in the euro area: What do aggregate and national structural models tell us?," Working Paper Series 94, European Central Bank.
    2. Michael Ehrmann & Marcel Fratzscher, 2003. "Interdependence between the Euro area and the U.S.: what role for EMU?," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    3. Kashyap, Anil K. & Mojon, Benoît & Terlizzese, Daniele & Backé, Peter, 2002. "Monetary Transmission in the Euro Area : Where Do We Stand?," Working Paper Series 114, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    bank and financial integration; euro; monetary policy transmission;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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