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Author:Fleck, Johannes 

Discussion Paper
Country-Specific Effects of Euro-Area Monetary Policy: The Role of Sectoral Differences

Economic growth in some euro area countries has been lackluster since the COVID-19 pandemic. Concurrently, the ECB hiked its policy rate to fight inflation. In this note, we show that high interest rates have depressed economic activity more in those euro-area countries with large manufacturing sectors.
FEDS Notes , Paper 2024-11-12-2

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