Andersen, Torben M. (contributor) - 2003 - [Elektronische Ressource]
differ across regimes distin-
guished by the weight given to output stabilization policy. It can be shown that
(see appendix ….regeringen.se/propositioner/sou/pde/remiss.pdf
Andersen, T.M., 2002b, Fiscal Stabilization Policy in a Monetary Union with
Inflation Targeting, CEPR Working paper 3232 …
u
. The aggregate value of shocks across the mon-
etary union is given as
10
u
t
≡
1
n
X
j
u
jt
The effect of domestic …