search query: @indexterm Monetary Policy / total: 1108
reference: 88 / 1108
Author: | Peersman, G. Smets, F. |
Title: | The industry effects of monetary policy in the euro area |
Journal: | Economic Journal
2005 : APR, VOL. 115:503, p. 319-342 |
Index terms: | Economic growth Europe Monetary policy |
Language: | eng |
Abstract: | This article examines the effects of a euro area-wide monetary policy change on output growth. The data is from eleven industries in seven euro area countries from 1980-1998. The negative effect of an interest rate tightening on output is on average considerably greater in recessions than in booms. |
SCIMA