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Communication dans un congrès Journées de l'AFSE Année : 2006

The heterogeneous effects of monetary policy in the euro area : a sectoral approach

Résumé

The goal of the paper is to document the extent and the sources of asymetries in the effects of monetary policy in a currency union. Using disaggregated data at the sectoral level from five european countries, we show that sector-specific and espacially country-specific factors both explain the major part of monetary policy effects. Moreover, these factors tend to enhance the common impact of monetary policy.
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Dates et versions

halshs-00078017, version 1 (02-06-2006)

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  • HAL Id : halshs-00078017 , version 1

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Isabelle Cadoret-David, Nathalie Payelle, Jean-Jacques Durand. The heterogeneous effects of monetary policy in the euro area : a sectoral approach. Journées de l'AFSE, May 2006, Strasbourg, France. pp.17. ⟨halshs-00078017⟩
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