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Monetary Policy Transmission in the Euro Area: A Study by the Eurosystem Monetary Transmission Network

Monetary Policy Transmission in the Euro Area: A Study by the Eurosystem Monetary Transmission Network

by Anil K . Kashyap (Editor), IgnazioAngeloni (Editor), Benoît Mojon (Editor)

  • New

    Hardcover 2003

    $144.41

  • New

    Paperback 2012

    $49.88
Synopsis

Proper conduct of monetary policy requires understanding the monetary transmission mechanism, to monitor the economy, make decisions on the stance of policy, and explain the policy actions to the public. Hence, gathering evidence on the monetary transmission mechanism in the euro area has been a priority for the Eurosystem. This 2003 book presents the results of a multi-year collaborative project conducted by the European Central Bank and the other Eurosystem central banks. First, macro data are consistently investigated with both VARs and structural models for the area as a whole and for individual countries. Second, the book contains an unprecedented set of studies on the effects of monetary policy using bank and firm panel data. The results described in country case studies and overview essays by central bank economists, along with a discussion chapter by eminent academics, provide an essential contribution to research on the subject.

$144.41

Quantity

20+ in stock

More Information

Format: Hardcover
 Pages: 516
 Publisher: Cambridge University Press
Published: 04 Dec 2003
ISBN 10: 0521828643
ISBN 13: 9780521828642
Book Overview: A systematic analysis of the impact of European Central Bank monetary policy on Eurozone national economies, first published in 2003.

Media Reviews
Review of the hardback: 'Overall the book is a well balanced, clear and sophisticated analysis and a stimulating read. Briefly, a masterpiece.' Journal of Common Market Studies
Author Bio
Ignazio Angeloni is Deputy Director General for Research at the European Central Bank. He is the co-author of Monetary Policy in the Euro Area; Strategy and Decision Making at the European Central Bank (with Vitor Gaspar, Otmar Issing and Oreste Tristani: CUP, 2001). Anil Kashyap is Professor of Economics at the University of Chicago's School of Business. He is the co-author of Corporate Financing and Governance in Japan: The Road to the Future (with Takeo Hoshi, 2001). Benoit Mojon is Senior Economist at the General Economic Research Division of the European Central Bank.