Degrauwe, Paul; Dewachter, Hans; Aksoy, Yunus - Centrum voor Economische Studiën, Faculteit Economie … - 1998
In this paper we analyze the effects of different decision rules in the ECB on monetary stability. We consider a model where asymmetric shocks and divergent propagation of shocks on output and inflation are potential causes of tensions within the ECB concerning the conduct of monetary (interest...