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  • 标题:A VAR Analysis of Monetary Transmission Mechanism in the European Union
  • 本地全文:下载
  • 作者:Lovrinović, Ivan ; Benazić, Manuel
  • 期刊名称:Zagreb International Review of Economics and Business
  • 印刷版ISSN:1331-5609
  • 出版年度:2004
  • 卷号:7
  • 期号:2
  • 页码:27-42
  • 出版社:Ekonomski fakultet Sveučilišta u Zagrebu
  • 摘要:The paper studies the functioning of the monetary transmission mechanism in the EU. It analyses the influence of an increase in short-term interest rate on real and monetary variable e.g. industrial production of the EU members, retail prices, monetary mass and real exchange rate. Frequently used econometric technique of VAR has been used to analyse the monetary transmission mechanism.
  • 关键词:monetary transmission mechanism; interest rate; VAR; decomposition of variance; impulse response
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