Wpływ polityki pieniężnej Europejskiego Banku Centralnego na gospodarki państw strefy euro w latach 1999–2016

Dominika Anna Brózda-Wilamek

doi:10.18778/0208-6018.332.12

Authors

Dominika Anna Brózda-Wilamek Uniwersytet Łódzki, Wydział Ekonomiczno‑Socjologiczny, Institute of International Economics

DOI:

https://doi.org/10.18778/0208-6018.332.12

Keywords:

monetary policy, monetary policy transmission mechanism, panel VAR model

Abstract

The aim of the study is to compare the impact of the ECB’s monetary impulse on the euro area member states’ economies at different time intervals. The paper is divided into three major parts. In the first part was described the theoretical aspects of the functioning of the ECB’s monetary policy transmission mechanism. In the second part was presented a review of literature on asymmetries that occurring in the single monetary policy transmission mechanism. Then the research methodology and results of the estimation was contained. The essay was concluded with a summary in which it was pointed out that the single interest rate policy has a different impact on the real sphere of the euro area member states’ economies.

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