Aksoy, Yunus and de Grauwe, P. and Dewachter, H. (2002) Do asymmetries matter for European monetary policy? European Economic Review 46 (3), pp. 443-469. ISSN 0014-2921.
Abstract
In this paper we analyze the impact of economic and institutional (ECB decision rules) asymmetries on the effectiveness of monetary policy in Euroland. We consider a model where asymmetric shocks and divergent propagation of shocks in output and inflation are potential causes of tensions within the ECB concerning the conduct of common monetary (interest rate) policy. Welfare implications of the alternative decision procedures are discussed.
Metadata
| Item Type: | Article |
|---|---|
| Keyword(s) / Subject(s): | EMU, linear feedback rules, monetary stability |
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Research Centres and Institutes: | Applied Macroeconomics, Birkbeck Centre for |
| Depositing User: | Yunus Aksoy |
| Date Deposited: | 26 Mar 2008 15:29 |
| Last Modified: | 02 Aug 2023 16:46 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/163 |
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
