search query: @indexterm Economic growth / total: 1784
reference: 66 / 1784
| 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. |
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