Cookies?
Library Header Image
LSE Research Online LSE Library Services

Do Euro area countries respond asymmetrically to the common monetary policy?

Barigozzi, Matteo and Conti, Antonio and Luciani, Matteo (2012) Do Euro area countries respond asymmetrically to the common monetary policy? The Authors. (Unpublished)

[img]
Preview
PDF
Download (1MB) | Preview

Abstract

We investigate the possible existence of asymmetries among Euro Area countries reactions to the European Central Bank monetary policy. Our analysis is based on a Structural Dynamic Factor model estimated on a large panel of quarterly variables including data on the aggregate Euro Area, as well as country-specific key economic variables. We find that member states react asymmetrically in terms of prices and unemployment, while no difference appears in terms of output. These results seem to be the consequence of structural local socio-economic factors, rather than of European Central Bank policies.

Item Type: Monograph (Working Paper)
Official URL: http://dx.doi.org/10.2139/ssrn.1624942
Additional Information: © 2012 The Authors
Subjects: H Social Sciences > HB Economic Theory
Sets: Departments > Statistics
Date Deposited: 26 Apr 2012 08:46
Last Modified: 08 Aug 2014 15:52
URI: http://eprints.lse.ac.uk/id/eprint/43344

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics