Changing Monetary Transmission Mechanisms within the EU
This paper presents a comparative analysis of monetary transmission mechanisms and changes in them after the "second ERM" in March 1983. The empirical model investigates the determination of money, income, prices and interest rates in Germany, Denmark, and Italy based on the cointegrated VAR model. The empirical results provide new insight on the macroeconomic effects of joining the ERM and financial deregulation.
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| Length: | 32 pages |
| Date of creation: | Dec 1997 |
| Publication status: | Published in: Empirical Economics 23(3) 1998, 455-481 |
| Handle: | RePEc:kud:kuiedp:9718 |
| Contact details of provider: | Postal: Øster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark Phone: (+45) 35 32 30 10 Fax: +45 35 32 30 00 Web page: http://www.econ.ku.dk Email: More information through EDIRC
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