Monetary Policy Transmission in the Euro Area: A Study by the Eurosystem Monetary Transmission Network

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As Central Banks are charged with meeting specific targets on inflation, output and employment there has been a big increase in research into understanding better how changes in monetary policy affect the economy. The research to date has largely focused on national central banks, with research pioneered by work on the US Federal Reserve Bank and the impacts of its policy decisions on the US economy. This book offers the most systematic analysis available of the impact of European Central Bank monetary policy on the national economies of the Eurozone.

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