Do Asymmetries Matter for European Monetary Policy?

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

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Year of publication:	2007
Authors:	Aksoy, Yunus ; De Grauwe, Paul ; Dewachter, Hans
Publisher:	[S.l.] : SSRN
Subject:	Eurozone \| Euro area \| EU-Staaten \| EU countries \| Geldpolitik \| Monetary policy \| Regelbindung versus Diskretion \| Rules versus discretion \| Finanzpolitik \| Fiscal policy
Description of contents:	Abstract [papers.ssrn.com]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: European Economic Review, 46, pp. 443-469 Volltext nicht verfügbar
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014123696