Journal article

Has monetary policy really become less effective in the euro area? A note

Authors list: Finck, David

Publication year: 2019

Pages: 1087-1091

Journal: Applied Economics Letters

Volume number: 26

Issue number: 13

ISSN: 1350-4851

eISSN: 1466-4291

DOI Link: https://doi.org/10.1080/13504851.2018.1537470

Publisher: Taylor and Francis Group


Abstract: 
This paper applies a time-varying VAR model with stochastic volatility to the euro area. In contrast to the literature, we find that (i) monetary policy has not become less effective and that (ii) the expansionary policy that is currently pursued would not have resulted in a less severe recession in 2009.



Citation Styles

Harvard Citation style: Finck, D. (2019) Has monetary policy really become less effective in the euro area? A note, Applied Economics Letters, 26(13), pp. 1087-1091. https://doi.org/10.1080/13504851.2018.1537470

APA Citation style: Finck, D. (2019). Has monetary policy really become less effective in the euro area? A note. Applied Economics Letters. 26(13), 1087-1091. https://doi.org/10.1080/13504851.2018.1537470


Last updated on 2025-02-04 at 01:05