Aspects of the monetary transmission mechanism under exchange rate targeting : the case of France /
This paper examines monetary transmission in France using the vector autoregression methodology. Interest rates are decomposed into external and domestic components, and a nonrecursive contemporaneous structure is used to identify the system. Innovations in the external component are found to have a...
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| Format: | Book |
| Language: | English |
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[Washington, D.C.] :
International Monetary Fund, European I Dept.,
©1997
Washington, D.C. : International Monetary Fund, 1997 |
| Series: | IMF Working Papers ;
Working Paper No. 97/44 IMF eLibrary IMF working paper ; WP/97/44 |
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