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    Do asymmetries matter for European monetary policy?

    Aksoy, Yunus and De Grauwe, P. and Dewachter, H. (2014) Do asymmetries matter for European monetary policy? In: De Grauwe, P. (ed.) Exchange Rates and Global Financial Policies. World Scientific Studies in International Economics 31. World Scientific Co. Pte. Ltd.., pp. 321-353. ISBN 9879814513180.

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    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: Book Section
    School: School of Business, Economics & Informatics > BEI
    School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centres and Institutes: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Yunus Aksoy
    Date Deposited: 29 Mar 2021 12:45
    Last Modified: 29 Mar 2021 12:45
    URI: https://eprints.bbk.ac.uk/id/eprint/43664

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