Registro completo de metadatos
Campo DC | Valor |
---|---|
dc.contributor.author | Berben, Robert Paul |
dc.contributor.author | Locarno, Alberto |
dc.contributor.author | Morgan, Julián |
dc.contributor.author | Vallés, Javier |
dc.date.accessioned | 2019-08-10T17:44:20Z |
dc.date.available | 2019-08-10T17:44:20Z |
dc.date.issued | 2005-01-07 |
dc.identifier.issn | ISSN: 0213-2710 |
dc.identifier.uri | https://repositorio.bde.es/handle/123456789/6815 |
dc.description.abstract | This paper examines possible explanations for observed differences in the transmission of euro area monetary policy in central bank large-scale macroeconomic models. In particular it considers the extent to which these differences are due to differences in the underlying economies or (possibly unrelated) differences in the modelling strategies adopted for each country. It finds that, against most yardsticks, the cross-country variations in the results are found to be plausible in the sense that they correspond with other evidence or observed characteristics of the economies in question. Nevertheless, the role of differing modelling strategies may also play a role. Important features of the models –for instance in the treatment of expectations or wealth– can have a major bearing on the results that may not necessarily reflect differences in the underlying economies.[resumen de autor] |
dc.format.extent | 71 p. |
dc.language.iso | en |
dc.publisher | Banco de España. Servicio de Estudios |
dc.relation.ispartof | Documentos de Trabajo / Banco de España, 0502 |
dc.rights | Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0) |
dc.rights | In Copyright - Non Commercial Use Permitted |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES |
dc.rights.uri | http://rightsstatements.org/vocab/InC-NC/1.0/ |
dc.subject | Monetary transmission |
dc.subject | Euro area differences |
dc.subject | Macroeconometric models |
dc.title | Cross-country differences in monetary policy transmission |
dc.type | Documento de trabajo |
dc.identifier.bdebib | 000181990 |
dc.identifier.bdepub | DTRA-200502-eng |
dc.subject.bde | Política monetaria |
dc.subject.bde | Modelos econométricos |
dc.publisher.bde | Madrid : Banco de España. Servicio de Estudios, 2005 |
dc.subject.jel | C53 |
dc.subject.jel | E52 |
dc.subject.jel | E37 |