Monetary Policy Transmission in the Euro Area

A Study by the Eurosystem Monetary Transmission Network

Ignazio Angeloni editor Anil K Kashyap editor Benoît Mojon editor

Format:Paperback

Publisher:Cambridge University Press

Published:29th Mar '12

Currently unavailable, and unfortunately no date known when it will be back

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Monetary Policy Transmission in the Euro Area cover

A systematic analysis of the impact of European Central Bank monetary policy on Eurozone national economies, first published in 2003.

This 2003 book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone. Analysing macro and micro-economic evidence, with chapters by central bank economists, including a discussion chapter by eminent macroeconomists, it is an essential contribution to research on the subject.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.

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

ISBN: 9781107403802

Dimensions: 229mm x 152mm x 29mm

Weight: 750g

514 pages