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Date
11 mai 2006
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- handle: 10670/1.eqnxdr
- halshs: halshs-00078017
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Monetary managementCiter ce document
Isabelle Cadoret-David et al., « The heterogeneous effects of monetary policy in the euro area : a sectoral approach », HAL-SHS : économie et finance, ID : 10670/1.eqnxdr
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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.