Mésonnier, Jean-Stéphane (contributor); … - 2007
Abstract
We compute optimized monetary policy rules for the ECB when the euro area economy
is described by a small empirical … suppose that the euro area economy is correctly depicted
by the small empirical macroeconomic model of M�sonnier and Renne …. Although most recent
analyses seem to indicate that in the euro area it lies within a corridor of 2%
to 3%, I would not be …