Podcast: Euro Area Monetary Communications: Excess Sensitivity and Perception Shocks

Could the effects of the ECB's monetary surprises be heterogeneous between the core and periphery countries of the euro area? This was the hypothesis analysed by Valentin Jouvanceau and Ieva Mikaliūnaitė, researchers of the Bank of Lithuania, in their joint paper “Euro Area Monetary Communications: Excess Sensitivity and Perception Shocks”. For more about their methods and findings, listen to our podcast.