However, the estimations presented here are state-of-the-art regarding shock identification and local projections; and specifically for the US-euro area pair, the same is found, for example, in Ca' Zorzi, M., Dedola, L., Georgiadis, G., Jarocinski, M., Stracca, L. andStrasser, G. (forthcoming), "Making waves: Monetary policy and its asymmetric spillovers in a globalised world," International Journal of Central Banking; and Degasperi, R., Hong, S. and Ricco, G. (2020), "The Global Transmission of US Monetary Policy," Warwick Economics Research Paper Series, No 1257.
24. See Barsky, R., Boehm, C.E., House, C. L. and Kimball, M. (2016), “Monetary Policy and Durable Goods”, Federal Reserve Bank of Chicago, Working Paper, No. 2016-18, 2016. For the euro area, see  Peersman, G., and Smets, F. (2005), “The industry effects of monetary policy in the euro area”, The Economic Journal, 115 (April), 319–342. 25.