Macroeconomics and Monetary Economics: General

The role of money and monetary policy in crisis periods: the Euro area case

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Version Date: 
Feb 2012

In this paper, we test two models of the Eurozone, with a special emphasis on the role of money and monetary policy during crises. The role of separability between money and consumption is investigated further and we analyse the Euro area economy during three different crises: 1992, 2001 and 2007.

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